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Market Chatter: Formosa International Plans Rapid Expansion of Just Sleep Hotel Brand

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Formosa International Hotels (TPE:2707), which operates the operating as Silks Hotel Group, plans to accelerated the expansion its hotel brand Just Sleep, according to a Taipei Times report on Thursday quoting Simon Wu, managing director of Regent Taipei, Silks Hotel Group's flagship luxury property.

At present, Just Sleep operates over 10 properties across Taiwan and Japan, with more than 1,100 rooms.

Silks plans to open new Just Sleep properties in New Taipei City's Linkou District and Osaka, Japan, next year, reating new revenue growth opportunities, Wu said.

The company's shares were down over 1% in Friday's trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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