Recognizing the potential of the Greater South economy, Land Bank of Taiwan, in collaboration with ten financial institutions, signed a 15-year syndicated loan agreement worth NTD8.175 billion with E United Group and Great Emperor Hotel Co., Ltd. (Kaohsiung Marriott Hotel) on August 20, 2024. This agreement, which includes sustainability (ESG) indicators, aims to drive the development of Kaohsiung’s tourism industry.
E United Group has been deeply invested in the Kaohsiung market for many years. In 2014, they entrusted Land Bank of Taiwan with a NTD7.186 billion syndicated loan for the development of the E-Da Asia Plaza Commercial Building (later renamed ESKY LAND), a tourism hotel and a shopping plaza, significantly boosting domestic and international business travel to Kaohsiung and enhancing the city’s international tourism image.
For this NT$8.175 billion syndicated loan, Great Emperor Hotel Co., Ltd. (Kaohsiung Marriott Hotel) has once again selected Land Bank of Taiwan as the lead arranger and managing bank for the 15-year term. The funds will be used to repay the previous loan. The syndicated loan is supported by ten financial institutions, including First Commercial Bank, Mega International Commercial Bank, Taiwan Business Bank, Bank of Taiwan, Agricultural Bank of Taiwan, Bank of Kaohsiung, Chang Hwa Bank, Taiwan Cooperative Bank, Sunny Bank and Export-Import Bank of the Republic of China. This broad participation underscores the recognition and endorsement of E United Group and Great Emperor Hotel Co., Ltd.’s long-term effective management by these institutions.
Located next to the Love River, Great Emperor Hotel Co., Ltd. (Kaohsiung Marriott Hotel) is one of Taiwan’s major international boutique hotels, known as “Taiwan’s Most Beautiful Urban Hotel.” It features over 700 elegant rooms and the largest banquet venue in southern Taiwan, capable of hosting weddings, various banquets, business meetings and seminars. The hotel also includes restaurants offering a buffet, vegetarian dishes, a steakhouse and Japanese cuisine, meeting the dining needs of both guests and locals. In 2023, it ranked among the top five national tourist hotels, solidifying its position as a leader in southern Taiwan’s hotel industry.
To encourage sustainable development in the hotel industry, this syndicated loan includes sustainability (ESG) indicators. If E United Group and Great Emperor Hotel Co., Ltd. (Kaohsiung Marriott Hotel) meet the energy-saving goals set by the loan and contribute to environmental energy conservation, they will benefit from preferential loan rates.
This year (2014), Land Bank of Taiwan has focused on green finance and sustainable prosperity, actively seeking credit agreements with leaders in the circular economy and sustainable energy industries. We promote “Low Carbon Transition and Smart Upgrade Loans,” “Green Building Financing,” and “Renewable Energy Equipment Loans - Green Power Marketing” to help businesses seize green energy opportunities, and guide partners and individual customers towards sustainability, creating an ecosystem of mutual prosperity for the bank, society, and environment.
Contact: Tzu-Chen Yang
Tel.: 02-2348-3391
