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The Sherwood Taipei (西華飯店) is to exit the market on Feb. 15, bowing to effects of the COVID-19 pandemic, which has wreaked havoc on lodging facilities heavily reliant on foreign business travelers. The 320-guestroom hotel yesterday morning issued a statement to confirm the decision, which was made after it obtained preferential development terms to rebuild the 32-year-old facility on Section 3 of Minsheng E Road. “While reluctant, the hotel arrived at the decision in light of lingering border controls and uncertainty over the virus outbreak,” the hotel said in a statement. The hotel in 2020 filed an application to redevelop the premises and ....