Mitsui Fudosan to enter hotel business in Taiwan

Mitsui Fudosan Co Ltd, a leading global real estate company headquartered in Tokyo, announced Tuesday that it has decided to participate in its first hotel business in Taiwan, entering into an agreement with Hung poo Real Estate Development Co Ltd, a Taiwanese real estate developer which is a publicly listed, on the development and operation of the new hotel.

The hotel will be directly operated by the Mitsui Fudosan Group and is scheduled to open in 2020. Mitsui Fudosan said it is participating in this hotel business in Taiwan with the aim of capturing demand from the growing numbers of visitors to Taiwan every year. Beginning with this hotel, Mitsui Fudosan plans to develop multiple hotel businesses in Taiwan centered on the Taipei metropolitan area.

The project site is in the center of downtown Taipei. Taipei’s major sightseeing spots are within a radius of approximately 3 km from the site. The National Chiang Kai-shek Memorial Hall is nearby, and local streets are lined with tea shops, variety stores, cafes and other merchants. Yongkang Street, a highly popular dining destination among Japanese visitors and other travelers, is also close by. The hotel will be highly accessible to public transport, being only one minute on foot from the Taipei Metro Zhongxiao Xinsheng Station, a transfer station for two MRT lines (Bannan Line and Zhonghe Line) that is only two stations from Taipei Main Station.

The hotel will be approximately 15 minutes by car from Taipei Songshan Airport. Access from Taiwan Taoyuan International Airport is also scheduled to improve with the opening of a new MRT line. Mitsui Fudosan expects the hotel to serve a wide range of guests, including business travelers, visitors from Hong Kong and Southeast Asia, and customers from other parts of Taiwan, in addition to sightseeing and leisure travelers from Japan.

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