Ambassador Hotels and Restaurants (國賓飯店) on Tuesday approved plans to seek urban renewal for its property in Kaohsiung, following a similar move last year for its flagship hotel in Taipei to cope with a business slowdown caused by the COVID-19 pandemic, the company said in a regulatory filing.
The hospitality provider, which ceased guestroom operations at Ambassador Hotel Taipei (台北國賓飯店) in July, said the 40-year-old Ambassador Hotel Kaohsiung (高雄國賓飯店) has been hit hard by border controls and social distancing measures.
Urban renewal would allow both properties to boost their floor area and value, the filing said.
Ambassador Hotel Taipei sits on a 1,454