Leefang to auction off Indigo Kaohsiung to pay debts
FINANCIAL STRAIN: Leefang Group’s founding couple incurred considerable debt for a plan to transform an old complex, and have been struggling to pay their loans
By Crystal Hsu / Staff reporter
Taiwanese hospitality service provider Leefang Group’s (李方酒店管理集團) Hotel Indigo Kaohsiung Central Park (高雄中央公園英迪格酒店) is to be auctioned off in the foreclosure market after the sales of properties elsewhere failed to resolve the group’s cash strains.
The hotel with 129 guest rooms, which is in a 12-year management contract with InterContinental Hotels Group PLC, said in a statement that the auction would not affect its operations.