Vancouver, B.C. – April 23^rd, 2024 – Coast Hotels Limited, a fully owned subsidiary of APA Hotel Canada, Inc. and one of North America’s fastest-growing and one of Canada’s largest hotel brands, today announced a significant leadership transition aimed at propelling its ambitious expansion plans in the United States and driving exponential growth across North America by 2028.

As part of this strategic move, as of May 16^th, 2024, Jin Sasaki, the current President of Coast Hotels Limited, will be relocating to Seattle, WA, to assume the role of President & CEO of Coast Hotels USA, Inc., a newly established subsidiary of Coast Hotels Limited. With his extensive experience and proven track record in the hospitality sector, Sasaki is poised to spearhead Coast Hotels rapid expansion efforts throughout the US Pacific Northwest.

Commenting on this transition, Sasaki expressed his enthusiasm, stating, "I am excited to take on this new role and lead Coast Hotels expansion in the dynamic U.S. market. With our commitment to delivering exceptional guest experiences and simplifying hotel franchising with our consultative and flexible approach, I am confident that we will achieve remarkable success in the years to come."

Simultaneously, Takamasa Machiura, currently holding a key leadership position within APA Hotels, will return to Vancouver, BC, to serve as President & CEO of Coast Hotels Limited. Machiura brings a wealth of expertise and strategic vision to this role, having played an instrumental part in Coast Hotels growth journey thus far.

"This is an exciting time for Coast Hotels as we embark on this strategic transition to accelerate our expansion and strengthen our presence across North America," remarked Machiura. "I am honored to return to Vancouver and lead Coast Hotels Limited as we continue to uphold our commitment to excellence and drive sustainable growth."

The strategic leadership change reflects Coast Hotels unwavering commitment to guest satisfaction and operational excellence. With a clear vision for the future and an experienced and dynamic leadership team in place, Coast Hotels is well-positioned to achieve its ambitious growth goals and solidify its position as a leader in the hospitality industry.

April 24th, 2024, Toronto, ON – Visionary Canadian hotelier, Sukhdev Toor announces the first TOOR Hotel: a distinct lifestyle hotel and residences located in downtown Toronto. This boutique property will offer 232 guest rooms and suites, as well as 181 premium residential rental units. The project will feature a modern French-inspired bistro and bar set over two floors, valet parking, a 1,500 square foot fitness centre and yoga studio, a 3,000 square foot terrace, and an additional 1,100 square feet of meeting and event space. The 33-story development will offer guests and residents unobstructed views of Toronto and Lake Ontario.

This remarkable new property is a gateway to Toronto from the east end of the city, creating a strong marker on Jarvis Street, just north of Moss Park. The Arcadis IBI-designed tower offers a dramatic and distinct design unlike any others in the city. The interplay of forms, architectural elements, materials, finishes, and textures make for a unique and memorable structure in Toronto’s skyline.

Curated to offer a distinctive and inspired experience for the modern traveler, TOOR Hotel provides easy access to the best of Toronto. Centrally located in the Garden District in downtown Toronto, TOOR Hotel is the perfect hub to access the financial district, historic sites, green spaces, world-class shopping, dining, arts, and theatre. It is also steps away from the new Moss Park subway station, providing seamless accessibility across the city.

Over the years, TOOR Hotel President and CEO, Sukhdev Toor, has developed dozens of hotels across Canada and the United States under Manga Hotel Group. He brings almost four decades of experience in operational excellence to this new property. Mr. Toor is enthusiastic about the future of hospitality in Toronto: "As Toronto continues to grow, this prime location makes it a perfect retreat for travelers. The TOOR Hotel epitomizes the essence of a true urban lifestyle hotel, bringing a new offering to Toronto," says Mr. Toor. “From the downtown positioning to our thoughtfully designed spaces and architecture, no detail has been spared in providing our guests a unique and memorable experience.”

TOOR Hotel is proudly Canadian and represents the values its citizens are known for globally – hospitality and approachability. With a commitment to supporting Toronto, TOOR Hotel highlights the best of the city with personalized touches including locally sourced amenities and offerings. TOOR Hotel crafts a unique stay for guests that evokes sophistication, style, and character. Guests can experience a truly Canadian stay with the country’s largest city at TOOR Hotel Toronto.

A Vibrant and Celebratory Architectural Design

TOOR Hotel is an architectural triumph. The Arcadis IBI-designed hotel evokes sophistication with its modern design and character that is representative of Toronto and its continued growth. “We embodied a sense of playfulness when creating this building, introducing organic elements of the natural environment of the Garden District, and using a juxtaposition of articulated boxes, one floating above the other to embody distinct programmatic functions. This interplay of forms alongside the unique combination of luxury hotel suites, rental residences and a shared amenities floor and restaurant make this unlike any other location in the city,” says Mansoor Kazerouni, Global Director of Buildings at Arcadis IBI Group.

Design-Forward Rooms Provide Urban Escape in the Heart of Downtown Toronto TOOR Hotel’s guest rooms and suites feature the best in Canadian design inspired by Toronto’s vibrant parks and green spaces. Guest rooms and suites welcome relaxation with contemporary interiors, floor-to-ceiling windows, and modern amenities including 55” televisions and Nespresso machines. The washrooms have been designed with custom artwork and soothing colours, pulling the room’s atmosphere into additional spaces. All guest rooms have Lutron lighting to create a custom atmosphere with its range of smart controls.

The TOOR Hotel rooms were designed by DesignAgency, a Toronto based award-winning international design studio. “We wanted this property to really celebrate the vibrant heart of the city, in a space that was unlike any other. We drew inspiration by incorporating elements from the city grid forms and Victorian architecture like arches and round towers, reflecting themes of geometry, connectivity, and interlaced layers,” says Matt Davis, Founding Partner of DesignAgency.

Inspired Gathering at Muse Bistro + Bar

TOOR Hotel offers destination dining and gathering spaces with the Muse Bistro + Bar. Designed by Mackaywong, Muse Bistro + Bar is a sophisticated dining hub with Europeandesigned interiors and modern French-inspired cuisine. The two-story restaurant, which is over 2,500 square feet, features a ground floor with space for meetings, working and for those grabbing a quick bite on-the-go. The second floor will offer a more refined dining experience alongside an additional 1,100 square feet of meeting and event space. With a custom menu designed by The Fifteen Group, North America’s leading restaurant consulting agency, Muse Bistro + Bar promises exceptional food, drink and ambiance for visitors and locals alike.

TOOR Hotel and Residences

TOOR Hotel will open in 2024 and will be the first of four boutique TOOR Hotel Collection properties scheduled to open in downtown Toronto locations over the next five years. The collection will range from lifestyle to luxury 5-star hotels, with each property curated to be a unique reflection of its neighbourhood’s aesthetic and atmosphere. Elevated above the TOOR Hotel, premium rental units comprise the top 15 floors of the building. The 203 Residences will be the first of its kind to offer multi-family residential rentals situated above an upscale hotel. Residents can enjoy hotel-inspired services and conveniences, while engaging in a warm and inviting community. Occupancy begins early summer 2024.

Stay with style in the city at TOOR Hotel. Visit www.toorhotel.com for more.

MATTHEWS, N.C. — stayAPT Suites, the innovative apartment-style hotel brand, is pleased to announce a significant expansion initiative in partnership with Powerhouse Hotels, a joint venture between JCap Realty Group and Cullinan Holdings. This collaboration involves signing a multi-unit development agreement, adding 30 new locations to stayAPT Suites’ portfolio, and expanding the brand footprint to 25 states over the next five years, with six locations that will break ground in 2024.

The strategic alliance between stayAPT Suites and Powerhouse Hotels underscores confidence in the brand’s unique concept of apartment-style accommodations, prioritizing travelers' comfort, convenience, and value. With 22 operational hotels and a projected total of 40 by the end of 2024, stayAPT Suites is rapidly establishing itself as a premier choice for modern travelers and an attractive franchise opportunity for investors.

Industry veteran Gary A. DeLapp, President & CEO of stayAPT Suites, expressed his enthusiasm for the partnership, stating, “We are thrilled to join forces with Powerhouse Hotels to expand the reach of stayAPT Suites. This multi-unit development agreement marks a significant milestone in our growth strategy and demonstrates the appeal of our unique apartment-style concept to guests, investors and the franchise community.

Brian Johnson, Managing Partner of Powerhouse Hotels, shared his excitement about the collaboration, saying, “We are excited to partner with stayAPT Suites in this endeavor. The innovative approach of stayAPT Suites, a unique hybrid between multi-family and hotel, aligns perfectly with our vision for investing in hospitality.”

With a focus on new construction, flexible prototype sizes, and a commitment to maintaining a uniform standard across properties, stayAPT Suites stands out in a crowded market. Leading with an owner mindset and boasting corporate-owned and franchise-owned properties, the brand’s highly efficient labor model further enhances operational efficiency.

As the hospitality industry continues to evolve, stayAPT Suites remains at the forefront, continually setting new standards of excellence. With its broad customer reach, resilient business model, and unwavering commitment to guest satisfaction, stayAPT Suites transcends the traditional concept of extended stay lodging, offering a place to stay and an experience with the conveniences of home.

WASHINGTON – 23 April 2024 – After four consecutive months of year-over-year declines, Canada’s hotel industry reported a marginal lift in transient occupancy, according to CoStar’s March 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

March 2024 (percentage change from 2023):

Occupancy: 61.0% (-2.1%)

Average daily rate (ADR): CAD185.23 (+3.9%)

Revenue per available room (RevPAR): CAD112.99 (+1.7%)

Transient, according to CoStar, includes rooms sold to individuals or groups occupying less than 10 rooms per night.

“The slight increase in transient occupancy indicates that individuals were still choosing to travel during March break and holidays throughout the month,” said Laura Baxter, CoStar Group’s director of hospitality analytics for Canada.

“Group demand, on the other hand, was down year over year, in part due to a calendar shift, with corporate events tending to steer clear of Easter, in addition to March break. The segment continues to recover from the drop-off during the pandemic with certain months showing stagnating improvement.

“Overall, Canada’s hotel occupancy continued on a downward path in March, with some markets posting double-digit declines. Overall, room rates remain on a positive trajectory.”

Among the provinces and territories, Manitoba recorded the highest March 2024 occupancy level (77.1%), which was 0.9% above 2023.

Among the major markets, Toronto saw the highest occupancy (73.4%), up 2.2% over March 2023.

The lowest occupancy among provinces was reported in Prince Edward Island (32.6%), down 36.3% against 2023. The decline was due to comparison to the province’s Canada Winter Games host period last year.

At the market level, the lowest occupancy was reported in Ottawa-Gatineau (-10.4% to 57.1%).

“Although economic conditions are changing rapidly, it currently appears that Canada will cut interest rates before the U.S.,” said Baxter. “This will likely devalue the Canadian dollar against the U.S. dollar, making Canada an even more affordable destination for Americans. This bodes well for inbound American travel this summer – a segment that continues to make progress toward typical levels achieved before the pandemic.” 

For more information about the company and its products and services, please visit www.costargroup.com.