Formosa International Hotels disclosed its third-quarter financial results on November 9, 2026, reporting consolidated revenue of NT$1.692 billion ($51.6 million), a 7.74% increase year over year and 1.66% growth over the previous quarter. After-tax net profit for the quarter reached NT$326 million ($9.9 million), up 9.53% year over year but down 13.42% quarter over quarter, with earnings per share (EPS) of NT$2.48.
For the first nine months of 2026, the hotel group recorded consolidated revenue of NT$5.302 billion ($161.5 million), a 5.94% rise compared to the same period in 2025. After-tax net profit reached NT$1.435 billion ($43.7 million), increasing 42.44%
year over year, with EPS of NT$11.1.
InterContinental Mark Hopkins Acquisition Plan
The company’s board approved authorizing the chairman to negotiate the purchase of the InterContinental Mark Hopkins hotel in San Francisco’s Nob Hill for a maximum of NT$1 billion (approximately $30.5 million). The property consists of a 19-story building with 383 guest rooms, banquet and meeting facilities, and the well-known rooftop Top of the Mark lounge.
Formosa International Hotels plans to develop this asset as its overseas flagship hotel, deepening its existing partnership with InterContinental Hotels Group (IHG), which owns the InterContinental brand under which the hotel operates. The company noted that no formal
sale and purchase agreement has been signed and that the final transaction depends on further negotiation and approval.
Impact of Regent Stake Sale on Profit
The sharp profit increase in the first three quarters partly stems from a one-time after-tax disposal gain of NT$262 million ($8 million) recognized from selling a 13% stake in Regent Hospitality Worldwide, Inc. to IHG. Excluding this gain, the adjusted after-tax net profit for the period was NT$1.173 billion ($35.7 million), reflecting a 16.41% increase year over year and indicating steady core business growth.
Revenue and profit improvements were recorded across all hotel brands under Formosa International Hotels, with the Regent luxury
segment showing double-digit growth in both metrics.
October Revenue and Record 10-Month Performance
Formosa International Hotels reported October 2026 revenue of NT$586 million ($17.9 million), an 8.97% increase year over year. The growth was attributed to Taiwan’s National Day holiday, the Retrocession Day weekend, subsidies from the Taiwan Tourism Administration, and strong demand for corporate meetings and year-end banquets.
Revenue for the first ten months reached NT$5.888 billion ($179.4 million), up 6.23% from the previous year, setting a new record for that period.
Future Business Development and U.S. Expansion
Formosa International Hotels reported cross-brand and cross-region sales exceeding NT$100 million ($3.05 million) at the Taipei International Travel Fair (ITF). The company extended
its online travel fair sales through November 30, offering accommodation and dining vouchers with promotions to stimulate bookings into early 2027.
The group expects strong year-end banquet bookings, particularly at Taipei Regent and Silks Place Tainan, driven by corporate clients in technology and finance. Silks Place Taroko is targeting Christmas and New Year demand, while Wellspring by Silks Jiaoxi and Wellspring by Silks Beitou are positioned for the winter hot spring peak season.
The board also approved establishing a new Taiwan subsidiary to manage future hotel operations in the United States, supporting the planned overseas expansion through the InterContinental Mark
Hopkins acquisition.
Core Growth and Acquisition Risks
Investors are advised to use the adjusted net profit excluding the one-time disposal gain as the core growth benchmark. The NT$1 billion ($30.5 million) authorization for the San Francisco hotel acquisition is manageable relative to Formosa International Hotels’ scale, but the group cautions about risks including exchange-rate fluctuations, local market conditions, and renovation expenses associated with overseas real estate.
The acquisition would represent an unusual case of direct overseas hotel asset ownership by the company, supplementing its existing brand and management expansion strategies amid saturation in Taiwan’s hospitality market.
