Riant Capital, Hyatt Hotels to develop $1.1bn hotel in Taipei, Taiwan

Real estate fund Riant Capital has named Hyatt Hotels & Resorts as its official partner for the development of the Taipei Sky Tower (TST).

The skyscraper, situated in the Xinyi District of the Taiwanese capital, will be home to two luxury Hyatt-branded hotels, Park Hyatt Taipei and Andaz Taipei, becoming Hyatt’s first dual branded luxury hotel across Asia.

See also:

• Carillion projects worth a total of £5.7bn at time of liquidation

• Ørsted has initiated the construction of the world’s largest wind farm

• John Holland looks to tackle gender pay gap

Antonio Citterio Patricia Viel & Partners (ACPV) has been selected to design the architecture and interior of Park Hyatt Taipei, whilst Shanghai-based Neri&Hu Design and Research Office has been named as the interior designer of the Andaz Taipei hotel.

“The chosen hotel company and designers demonstrate developer's clear vision of creating approximately 500 keys, split between two hotels of this new line of hospitality product to differentiate from the pool of hotels that has been built in the global hospitality industry for the past decades,” RiantCapital said.

“Taking advantage of Hyatt's pioneering spirit in hotel concepts, and using designers of different cultural backgrounds, generations, and aesthetic styles, TST will not only redefine Taipei as Asia's next top travel destination, but also promote an enormous business opportunity for Taipei's luxury tourism industry.”