Coast Hotels Limited, a fully owned subsidiary of APA Hotel Canada Inc., has completed the acquisition of a master franchise agreement inclusive of all existing franchised hotels from Coast Hotels USA LLC.
The U.S. expansion plan will enable Coast Hotels to increase its footprint, particularly throughout the West Coast. Operating as Coast Hotels USA Inc., a newly established subsidiary of Coast Hotels Limited, the company aims to achieve significant 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, the company reports.
“Today’s announcement and our plans for the U.S. expansion represent one of the most important milestones in our 50-year history as a hospitality company,” said Jin Sasaki, president, Coast Hotels. “The opportunity to focus on the U.S.’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.”
The U.S. expansion plan represents the latest phase of Coast Hotels’ growth strategy. In 2022, the company added five hotels to its portfolio including the acquisition and conversion of the Regency Suites Hotel to the Coast Calgary Downtown Hotel & Suites by APA.
