Coast Hotels Limited, a fully owned subsidiary of APA Hotel Canada, has completed the acquisition of a master franchise agreement that encompasses all existing franchised hotels from Coast Hotels USA.
The expansion plan will enable Coast Hotels to increase its footprint, particularly throughout the West Coast. Operating as Coast Hotels USA, a newly established subsidiary of Coast Hotels Limited, the company aims to achieve growth through a combination of new franchise and hotel management contracts, mergers and acquisitions and the purchase of hotel real estate in key locations by 2027.
“Today’s announcement and our plans for the USA expansion represent one of the most important milestones in our 50-year history as a hospitality company,” Coast Hotels President Jin Sasaki said in a statement. “The opportunity to focus on USA’s most dynamic destinations and introduce our unique, localized approach and our unmatched dedication to our guests will present outstanding opportunities for expansion. We look forward to working with our parent company, APA Hotels, and all of our partners as we embark on a new era as a company.”
In 2022, Coast Hotels added five hotels to its portfolio, including the acquisition and conversion of the Regency Suites Hotel in Calgary, Alberta, to the Coast Calgary Downtown Hotel & Suites by APA.