TKP Corporation has acquired APA Hotel Wakayama and will commence operations from November 20.
Acquired from the APA Group, a franchise agreement has been signed with APA Hotel. With this move, APA Group transitions from direct management to a franchised model. Similarly, TKP has acquired APA Hotel Obihiro-Ekimae and APA Hotel Hakodate-Ekimae in August, as detailed here.
The building has 10 floors with 142 rooms. It is located a 15-minute walk from Wakayama-shi Station on the Nankai Electric Railway, or a 10-minute bus ride from JR Wakayama Station. It is intended for business use as well as a base for tourism in Wakayama, including Wakayama Castle, Shirahama Onsen, and Wakayama Marina City. Originally opened as the first APA Hotel in Wakayama Prefecture in February 2012, it was formerly known as the Best Western Hotel Wakayama.
TKP is accelerating the expansion of its hotel and accommodation training business, aiming to open 10 facilities within three years. This expansion will increase the number of franchised APA Hotels to 15 and the total number of accommodations operated to 29.
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