Riant Capital is teaming up with Hyatt Hotels Corp. to convert Taipei's Commune A7 into a mixed-use tower with two hotels under the Park Hyatt and Andaz brands. The real estate investment firm has set plans to develop the two hotels in the upcoming Taipei Sky Tower in the Xinyi District opening in 2020.
Italian architect Antonio Citterio Patricia Viel and Partners will lead the design of the new project, which will also have retail space. ACPV will not only design the architecture of the building, but the firm will also manage the interior design of the Park Hyatt Taipei. However, London-based interior designer Neri & Hu will lead the interior design of the new Andaz Taipei.
The entire project will mark the first time a Park Hyatt and Andaz will be within one tower. Riant Capital also targets being the first company in Asia to develop two international brands and retail space in one building.
The new 919-foot, 51-story tower next to Taipei 101 will be in the center of this up-and-coming financial and commercial district. It is second in this burgeoning district's pipeline during a wave of growing real estate investment. Taipei Sky Tower will follow the opening of the 48-story, 892-foot Nan Shan Plaza slated to open in late 2018. The 52-story, 873.8-foot Fubon Group Xinyi Headquarters will open after Taipei Sky Tower and will have be the new base for the financial services group that owns the Fubon Guardians baseball team.
The new hotels will run up against another hotel brand entering the Taipei market in the Eastern District this year. InterContinental Hotel Group's new 14-story Kimpton Taipei will be in the city center with 129 guestrooms and suites. The property is near Sun Yat-sen Memorial Hall, Elephant Mountain, Zhongxiao Fuxing MRT station, the Sogo department stores and Taipei 101.