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News for the Hospitality Executive |
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| San
Francisco, CA (December, 2010) – San Francisco-based Haiyi
Hotel Management California, LLC (Haiyi
Hotels) and Portland-based APIC, Inc. announced the purchase of two
hotel
properties in San Francisco: Hotel Vertigo and Hotel Metropolis.
Haiyi Hotels became owner and assumed management of the new hotels as of 12:00 a.m., Wednesday, December 15, 2010. Haiyi Hotels currently owns and manages three properties in San Francisco: Best Western Plus Americania, Best Western Plus Carriage Inn and Good Hotel, which were purchased in April 2010. Haiyi Hotels is a California- based boutique hotel management company and is a subsidiary of private investment firm APIC, Inc. (American Pacific International Capital, Inc.). “We are very excited to be able to grow the Haiyi brand, and the purchase of these new hotels is an outstanding development for us,” says Wilson Chen, APIC President and CEO. “2010 has been very exciting, and we anticipate 2011 will be a banner year for our group.” “We have always maintained a healthy ambition to expand Haiyi Hotels and this was just the right time and the right opportunity. These hotels are going to be a great addition to our boutique hotel portfolio.” says Stephen Kuemper, APIC’s chief operating officer. All employees of Hotel Vertigo and Hotel Metropolis will be rehired as Haiyi Hotel employees and the new hotels will not be affected operationally during the transition. Additionally, several business tenants currently operating on hotel premises -- including popular restaurant, Farmer Brown -- will maintain their existing tenancy without interruption or affect from the hotel purchases. “We are excited about these properties and anticipate a smooth transition,” said Sandra VanderBes of Haiyi Hotel Management California, LLC. “Our immediate attention will be to enhance the guest experience and service standards as we welcome these hotels and their staff into the Haiyi family of properties.” Haiyi plans to incorporate room renovations and aesthetic improvements to the hotels. Hotel Vertigo will receive renovations to the majority of guest rooms over the course of the next few months, and Hotel Metropolis will receive minor improvements to public spaces and service offerings. The hotels’ close proximity to one another is not viewed as a concern by the management company but as an advantage. “After considering that there are about 100 hotels within one square mile of Union Square and we will own five of them, we decided to reject the fears of cannibalization and adopt the concept that shared resources such as cluster operations and selling will be an asset to our business,” says Kuemper. “In fact, with hotels on both sides of Market Street sometimes we joke that “we have Market cornered”-- so to speak.” Hotel Metropolis (25 Mason Street, San Francisco, 415-775-4600) The 105-room Hotel Metropolis combines earth, wind, water, and fire-based elements in design and decor. Features include complimentary high-speed internet, a 24-hour business center and library, cardio fitness center and meditation room, and earth-element themed guest rooms. The hotel has a number of suites including a unique “Kids Suite” complete with pint-sized furniture and bunk beds. The hotel is located off of Market, one block from the Powell Street Cable Cars, three blocks from Moscone, and four blocks from Union Square.  Hotel Vertigo (940 Sutter Street, San Francisco, 415-885-6800) Hotel Vertigo is 102-key hotel that renews a sense of wonder by shifting the perspective slightly askew with hip, playful style and Hitchcockian design. The hotel is 100% non-smoking and the newly renovated rooms feature flat-screen TVs, free Wi-Fi access, iPod docking stations, and other creature comforts. The hotel is located in the lower Nob Hill pocket of San Francisco, within a short walk to cable cars, Union Square, and San Francisco’s major shopping and theater districts.  For more information on Haiyi California, visit www.Haiyi-hotels.com. For more information on APIC, visit www.apicincus.com. ABOUT HAIYI HOTEL MANAGEMENT CALIFORNIA Based in San Francisco, California, Haiyi Hotel Management California is a subsidiary of Portland-based American Pacific International Capital, Inc. (APIC). APIC is the owner, developer, and manager of six hotels. Haiyi Hotels’ current portfolio includes The Best Western Plus Americania, Best Western Plus Carriage Inn, Good Hotel, Hotel Metropolis and Hotel Vertigo in the US, and Ocean Panorama Hotels in China. For more information, visit www.Haiyi-hotels.com. ABOUT AMERICAN PACIFIC INTERNATIONAL CAPITAL, INC American Pacific International Capital, Inc. (APIC) focuses on real-estate investment, hotel operation, import-export, manufacturing and acquisitions. Its business operations are located in the United States, China, and Southeast Asia. For more information, visit www.apicincus.com. |
| Contact:
Andrew Freeman & Co.
(415) 781-5700 Marla McLaughlin [email protected] |
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