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Home Finance Japan’s APA Hotel Acquires 105-Room Kimpton La Peer for $63MM in West Hollywood
FinanceHospitalityIndustry NewsLos Angeles

Japan’s APA Hotel Acquires 105-Room Kimpton La Peer for $63MM in West Hollywood

August 12, 20263 Mins read331
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Photo by Zetong Li For Unsplash+
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Tokyo-based APA Hotel's purchase of the boutique Kimpton La Peer marks the Japanese chain's first major U.S. acquisition under a five-year plan to double its overseas room count, and it signals a willingness to pay a premium to break into Los Angeles's luxury hotel market.

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