By Crystal Hsu / Journalist
Ambassador Hotels and Restaurants (國賓 飯 hôtel) on Tuesday approved urban renewal plans for its property in Kaohsiung, following a similar move last year for its flagship hotel in Taipei to deal with the downturn in business caused by the COVID-19 pandemic, the company says in a regulatory filing.
The hotel provider, which ceased its rooms business at Ambassador Hotel Taipei (台北 國賓 飯 hôtel) in July, said the 40-year-old Ambassador Hotel Kaohsiung (高雄 國賓 飯 hôtel) was hit hard by border controls and social distancing measures.
The urban renewal would allow the two properties to increase their floor space and their value, according to the file.
Photo courtesy of Ambassador Hotels and Restaurants
The Ambassador Hotel Taipei is located on a 1,454 ping (4,807 m2) land, making it the largest renovation project to date in terms of square footage, he said, adding that the company was planning to construct three high-rise buildings linked by the lower floors of the site. .
One building would be reserved as an upscale hotel and the other two would house 76 luxury apartments, he added.
The company has announced plans to invite Japan’s Palace Hotel Tokyo to operate the planned hotel in Taipei upon completion and the two sides would sign a management contract in January next year.
Japanese travelers made up 70% of Ambassador Hotel Taipei’s clientele before the COVID-19 pandemic, the company said.
The company has announced that it will temporarily move its Cantonese and Szechuan restaurants, as well as its Michelin-starred restaurant A Cut Steakhouse to Ambassador Hotel Taipei, to a new mixed-use complex on Liaoning Street in February or March of next year. .
The company also owns the Ambassador Hotel Hsinchu (新竹 國賓 飯 hôtel), whose operations have not been affected, he added.
The company reported losses of NT $ 51.68 million ($ 1.86 million) in the first three quarters of this year, representing losses of NT $ 0.14 per share, according to company data. .
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