VANCOUVER — Canadian-based Coast Hotels has been acquired by APA Hotel Group, the largest hotel network in Japan, marking a new era of expansion into North America for the Tokyo-based company. The announcement was made yesterday at a joint press conference at the Coast Coal Harbour Hotel in downtown Vancouver.
Coast Hotels adds 38 branded Western North American properties to the APA portfolio, bringing its total to more than 400 locations.
“We are delighted that an organization as entrepreneurial and respected as APA Hotel Group has chosen Coast Hotels as its route into the North American market,” says Victor Komoda, president of Coast Hotels. “This deal is great news for our customers, who will benefit from the new urban style hotel concept APA has brought to the hospitality industry.”
“Coast Hotels is a recognized and respected brand. APA GROUP intends to position Coast Hotels as a sub-brand of APA Hotels & Resorts, boosting the ability to attract guests through the synergy of the expanded brand offerings,” says Toshio Motoya, founder of APA Group. “APA expects to make Vancouver, which is strategically located to leverage Asia Pacific, its base of operations and head office for North American development.”