APA Holdings, APA Hotel, and APA Resort have revealed that the three companies together have acquired a 5.08% stake in Washington Hotel.
The breakdown is as follows: APA Holdings acquired 268,700 shares (representing 2.21% ownership), APA Hotel acquired 250,000 shares (2.05%), and APA Resort acquired 100,000 shares (0.82%). It became known when APA Holdings acquired 18,700 shares on March 25 and submitted a large shareholding report. APA Group is believed to have become the third-largest shareholder, following Maruei and Fujita Kanko.
Washington Hotel operates the “Washington Hotel Plaza” and “Washington Hotel R&B Hotel” brands, and also runs restaurants located within golf courses.
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