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Chairman, Silks Hotel Group, Taiwan
Steven Pan is the chairman of Silk Hotel Group. He is also the president and chief executive officer of Pacific Resources Group, a diversified global real estate holding company.
Previously, Mr. Pan was the chairman of Formosa International Hotels Group, based in Taiwan. He joined Formosa International Hotels Group in 1991 and became president in 1992. In 2000, he led a management buyout of the controlling stake in the group and became chairman and chief executive officer. Since then, the group has become the largest and most profitable hotel company in Taiwan. The group’s flagship, the Grand Formosa Regent hotel in Taipei, a Four Seasons hotel, has consistently been ranked the leading hotel in Taipei and one of top 20 hotels in Asia. Currently, the group continues its expansion plan in China, focusing on boutique hotel and serviced-apartment acquisitions and management.
Mr. Pan founded Pacific Resources Group in San Francisco in 1994 upon acquiring the Chevron headquarters building. The group completed many landmark transactions in San Francisco, Tokyo and Hong Kong. The 2004 sale of Pacific Place in San Francisco was the largest real estate transaction on record during a five-year period and was awarded the real estate deal of the year. The group is still active in California and Asia.
Mr. Pan began his career as an associate with First Boston after earning an MBA from Columbia Business School in 1988. In 1986, he received BA in economics from the University of California, Berkeley, where he met his wife, Constance. They have two daughters, Lauren and Kristen.