Marriott International Inc., the largest U.S. lodging chain, and other groups including Le Meridien and W Hotels, plan to open their first hotels in Taiwan as they compete to cater for rising numbers of Chinese tourists.
Marriott is working with Taiwanese businessman B. V. Riu, owner of Taipei-based luxury hotel Sherwood, on a NT$6.2 billion ($195 million), 352-room lodging franchise agreement, Victor Chou, president of Sherwood, said. Le Meridien and W Hotels, both owned by Starwood Hotels & Resorts Worldwide Inc., also plan to open premises in the city this year.
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