Coast Hotels Announces Acquisition by Japan’s Largest ... · FOR IMMEDIATE RELEASE Coast Hotels...

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CoastHotelsAnnouncesAcquisitionbyJapan’sLargestHotelNetwork-APAHotelGroup

VANCOUVER,BC(September6th2016)–Canadian-basedCoastHotelshasannounceditsacquisitionbyAPAHotelGroup,thelargesthotelnetworkinJapan.ThebusinessdealmarksaneweraofexpansionintoNorthAmericaforAPAHotelGroup,whichhasbuiltareputationonitsownUrbanStyleHotelconceptprovidinghighquality,highlyfunctionalandenvironmentallyfriendlyhotelsforitscustomers.APAHotelGrouppreviouslyhad373propertiesinJapan,andoneintheUnitedStates.WiththeacquisitionofCoastHotels,APAhasnowgrownitsnetworktoincludemorethan400locations.CoastHotels,withareputationforqualityandfriendlyservice,aswellasthevitalservicingofmanycommunitiesinthePacific-Northwest,has38brandedpropertiesinWesternNorthAmerica.“WearedelightedthatanorganizationasentrepreneurialandrespectedasAPAHotelGrouphaschosenCoastHotelsasitsrouteintotheNorthAmericanmarket,”saidVictorKomoda,PresidentofCoastHotels.“Thisdealisgreatnewsforourcustomers,whowillbenefitfromthenewurbanstylehotelconceptAPAhasbroughttothehospitalityindustry.”TheannouncementwasmadeatajointpressconferenceattheCoastCoalHarbourHotelindowntownVancouver,attendedby:Mr.ToshioMotoya,FounderofAPAGROUP,Ms.FumikoMotoya,PresidentofAPAHOTELS,aswellasMr.VictorKomoda,PresidentofCoastHotels.AtthepressconferenceMr.Motoyastated“CoastHotelsisarecognizedandrespectedbrand.APAGROUPintendstopositionCoastHotelsasasub-brandofAPAHotels&Resorts,boostingtheabilitytoattractgueststhroughthesynergyoftheexpandedbrandofferings.”Mr.Motoyafurtheradvised“APAexpectstomakeVancouver,whichisstrategicallylocatedtoleverageAsiaPacific,itsbaseofoperationsandheadofficeforNorthAmericandevelopment.”

AboutAPAHotelGroupAPAHotelGroupwasfoundedin1971byMr.ToshioMotoya,andsincethenhasexpandedtoincludemorethan373hotelsinJapan,makingitthecountry’slargesthotelgroup.Ms.FukimoMotoyaisPresidentoftheAPAHOTELS,whichpridesitselfonanewUrbanStyleHotelconceptthatdelivershighquality,highlyfunctionalandenvironmentallyfriendlyhotelstothemarket.In2015,APAHotelannounceditsfirstacquisitioninNorthAmerica,withthepurchaseofapropertyinNewJersey.Withmorethan60,000roomscurrentlyavailableundertheAPAbrand,thecompanyaimstoreach100,000roomsby2020.

-30-Forinterviewsaswellasphotosandvideoofthepressconference:AmandaBatesCurveCommunicationsAmanda@curvecommunications.com604-306-0027