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Cosmos Hotel & Resorts Group (天成飯店集團) is seeking to expand under a multibrand and asset-light business model that might allow it to launch an initial public offering (IPO) in 2024. The strategy means the group would focus on hotel and restaurant operations rather than invest in physical assets, because such an approach can deliver a better return on assets, lower profit volatility, greater flexibility and higher scale-driven cost savings, Cosmos chief executive officer Mike Chang (張東豪) said in an interview with the Chinese-language Commercial Times yesterday. The group’s properties include Hua Shan Din (華山町) near Taipei’s Zhongxiao-Xinsheng MRT Station, Cosmos Taipei (台北天成大飯店) ....