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Coast Hotels acquires Regency Suites Hotel Calgary
Coast Hotels Limited, a fully owned subsidiary of APA Hotel Canada, Inc. has agreed to purchase the Regency Suites Hotel in downtown Calgary, Alta. from SM2 Capital Partners.
The property will be rebranded immediately as the Coast Calgary Downtown Hotel & Suites by APA and will start welcoming guests under the Coast Hotels flag starting April 12, 2022.
The Hotel is a 120 room all‐suite property located in downtown Calgary at the intersection of 6th Street and 4th Avenue.
With spacious floor plans ranging from 450 square feet in a studio suite, 650 square feet in a one‐bedroom suite to 850 square feet in a two‐bedroom suite, the property is designed for stays of a night, a week, a month or more. All suites feature master bedrooms with plush king or queen beds, separate living areas, and fully equipped kitchens.
The property includes a fitness centre, 24‐hour business centre, on‐site laundry facilities, same‐day dry‐cleaning and a grab‐and‐go convenience store.
“We are very excited to expand our presence to the Downtown Calgary Hotel market,” says Takamasa Machiura, executive vice president of Coast Hotels Ltd. “The acquisition of this high‐quality hotel allows our company continued strategic growth and expansion and aligns very well with our existing Alberta properties located in Edmonton, Canmore, and Lethbridge. The current owners of the hotel, the Ali family and SM2 Capital Partners have very similar values as Coast Hotels, and we are thrilled to be able to continue the legacy of the Ali family and its ambassadors as we transition the property to the Coast family.”
The hotel, while a Coast property, will carry the “by APA” tagline and will be upgraded with standard signature features of APA Hotels including 55” 4K HD Televisions, TOTO Washlets, and an array of thoughtful in‐room Japanese hospitality amenities including slippers and welcome origami cranes.
Calgary will be the fourth hotel addition to the Coast Hotels network in recent months. Since February 1st, Coast has added properties in Grimshaw, Alta., Fort St. John, B.C., Dawson City, Yukon and now Calgary, Alta. A fifth property in Sechelt, B.C. will be joining the chain in the next sixty days.