The Formosa International Hotels Corporation plans to open twenty outlets with fifteen in Taiwan and the remainder in mainland China under three brands of its "Silks" name in the next three years.

Pan Siliang, chairman of Formosa International Hotels Corporation, said that the company will set up its own brands targeting global markets. With a 16-year history of cooperation with international brands, the company initially set up its self-owned brand of "Silks" series this year, including the three brands of Grandsilks, SilksPlace, and JustSleep, and will accelerate its expansion in the business hotel markets of Taiwan and mainland China.

The company said that it will primarily promote the brand of Grandsilks in a number of domestic first- and second-tier cities such as Beijing, Shanghai, and Ningbo; while the brand of JustSleep will be located in flourishing business areas: for example its first outlet is located near to Linseng North Road in Taipei.