Japanese hotelier Fujita Kanko plans to open a new hotel in Taipei in 2019.
Taiwanese real estate developer Huang Hsiang Construction Corporation will build and own the hotel.
Fujita Kanko will manage the 248-room hotel under one of its brands.
It will be Fujita Kanko’s second overseas hotel. A hotel in Seoul is expected to open in 2018.
Fujita Kanko president and CEO Akira Segawa said: "Globalisation is a new chapter for Fujita Kanko, building on our 60 years of hospitality experience in Japan.
"We expect our strongest growth from Asian tourists, and entering the Taiwanese market is a top priority for us. It will also help build visibility for our brands among Taiwanese."
In 2015, approximately 3.7 million Taiwanese visited Japan, about 29% more than in 2014.
Fujita Kanko intends to leverage this growing inbound market.
The company opened a Taipei office in 2012 for marketing and business development activities.
It also opened Kinsui Taipei by Hotel Chinzanso Tokyo, an upscale Japanese restaurant, in January 2016.