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Leofoo launches 'apartotel'

Leofoo launches 'apartotel'

Leofoo launches 'apartotel'

The Leofoo Tourism Group is pioneering a new concept in living with a high-class residential building which is to be managed as hotel, on a site of more than 500 ping which the group purchased for NT$512 million.
Leofoo sees a great future in the apartotel sector and the Leofoo Residence, which is located at the intersection of Zhongshan North Rd. and Nanjing East Rd. in Taipei. Only 50 units will be sold, in layouts of 25 ping and 32 ping.
The apartotel's unique feature is a sale-leaseback arrangement with a three-year lease that allows the owner to lease the apartment back to Leofoo in return for 3.5% of the rental.


Updated : 2020-11-30 20:19 GMT+08:00