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Top News In Ambassador Hotels Today - Breaking & Trending Today

San Francisco celebrates renovations of two historic SRO hotels

San Francisco celebrates renovations of two historic SRO hotels
nbcbayarea.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcbayarea.com Daily Mail and Mail on Sunday newspapers.

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Peggy Lee to receive star on the Palm Springs Walk of Stars

The Palm Springs Chamber of Commerce will honor entertainer and songwriter Peggy Lee with the 467th star on the Palm Springs Walk of the Stars. ....

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AP COVID Hospitality Bulletin Asia Pacific

AP Asia Pacific Hotel Operator Guide (HOG) is the most established publication in the industry in Asia Pacific to guide investors and owners in understanding the scale, presence, and capabilities of hotel operators in the region. HOG highlights geographic distribution and brand presences of the existing properties and pipeline supply, as well as management structure by operators. To read more about the publication, please click here for the excerpt. ....

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Ambassador sells hotel to Transglobe Life

Ambassador Hotels and Restaurants (國賓飯店) has sold its Ambassador Hotel Hsinchu (新竹國賓大飯店) property to Transglobe Life Insurance Co (全球人壽) for NT$5.8 billion (US$204.51 million), a deal that would generate NT$137 million in net profit, the local hospitality provider said on Thursday.
The transactions came 10 days after the Taipei-based group’s board authorized its chairman to sell the property to revitalize its assets and with an agreement to lease the property from Transglobe Life for 20 years.
The revitalization move is in line with an asset-light model that is gaining popularity with Taiwanese hotels, because it emphasizes management and franchise contracts, allowing brands ....

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Ambassador planning to renew Kaohsiung hotel

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 ....

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