Taipei, The five-star Westin Taipei will cease operations Monday after a 20-year run, but the president of the group that operates the hotel believes his company still has a bright future.
Sean Chuang president of the Leofoo Tourism Group, recently described the closure of the group's flagship property as "a comma rather than a period," saying that his group is planning to set up a new hotel in another location.
Leofoo Tourism Group decided to close the hotel because it could not afford the Westin Taipei's high rent, Chuang said.
The hotel first announced in April its decision to close, sparking wide concerns among its loyal customers, and the hotel's public relations department said Saturday the Westin Taipei's occupation rate has reached 80 percent or higher almost every day as the year, and the hotel, comes to an end.
Launched in 1999, the high-end Westin Taipei on Nanjing E. Road had an occupancy rate of nearly 70 percent last year, with an average daily room rate of NT$6,387 (US$209), outperforming its peers in Taipei at NT$4,607 on average, according to the hotel.
Local media reports said the Leofoo Group is seeking to restructure its finances in the hope of returning to profitability next year.
The group also operates the Courtyard by Marriott Taipei and the Leofoo Hotel, as well as the Leofoo Village Theme Park and the Leofoo Residences.
Source: Focus Taiwan News Channel