Japan's APA Group buys Vancouver-based Coast Hotels

APA Group—owner of Japan's largest hospitality organization—is set to buy Vancouver-based Coast Hotels for $210 million from Okabe Co. Ltd., another Tokyo-based company. The share-transfer agreement was completed in late July and is expected to close in early September. Coast Hotels spokeswoman Sarah Kirby-Yung said that the transaction needs to go through the legal due diligence process before the sale is formally complete. “The target closing date is September 6.”

RELATED: Interested in how Asia-Pacific investors view North America opportunities? The Asia Pacific Hotel Investment Conference is slated to return to Thailand next spring.

APA Group made an offer to purchase the Coast Hotels business, and the offer was accepted by the Canadian firm’s parent company. The Canadian sale follows APA’s U.S. debut in November, when it partnered with N.J.-based Friendwell Group of Companies (which originated in Taiwan and now owns more than 3,000 rooms across several brands) to launch and develop the APA Hotel Franchise in the U.S. The first hotel in the brand opened in Metropark, N.J. 

Okabe is reportedly selling its Canadian hotel company to focus on other facets of its business. 

Virtual Event

HOTEL OPTIMIZATION PART 2 | Now Available On-Demand

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


Coast Hotels has 36 properties in its portfolio in North America, including the Coast Coal Harbour Hotel in Vancouver (pictured), the Benson Hotel in Portland and Waimea Plantation Cottages in Hawaii. 

Suggested Articles

Lodging owners who have the appropriate resources and capital have an opportunity to renovate at an accelerated rate and at more competitive prices.

The £18.4 million fine stems from a data breach discovered after the company purchased Starwood Hotels & Resorts Worldwide.

There are both positive and negative aspects to utilizing preferred equity capital, but it is often the best way to maintain ownership of the asset.