BACK IN THE USA:The nation’s leading hotelier and Cottonwood Management are to develop integrated residential-commercial complexes in Boston and New York
Date: Feb 18, 2016
By: Crystal Hsu / Staff reporter
Formosa International Hotels Corp (FIHC, 晶華國際酒店集團), the nation’s largest listed hotel operator, yesterday entered into a partnership with a US real-estate developer to launch two mixed-use property projects, allowing it to return to the US market after an absence of more than 10 years.
The Taipei-based hotelier inked an agreement with Cottonwood Management to develop integrated complexes in Boston’s booming Seaport District and on New York City’s Fifth Avenue, FIHC chairman Steven Pan (潘思亮) said.
“We have intended to rejoin the US market and are happy to find the right partner in Cottonwood Management,” Pan told a news conference in Taipei. [FULL STORY]