Haiyi Hotel Management California LLC, a Subsidiary of American Pacific International Capital (APIC), Purchase San Francisco’s Hotel Vertigo and Hotel Metropolis

  • Haiyi Hotel Management
  • 12.30.10
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 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,” said 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,” said 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,” said Kuemper.  “In fact, with hotels on both sides of Market Street sometimes we joke that 'we have market cornered' so to speak.”


want to read more articles like this?

want to read more articles like this?

Sign up to receive our twice-a-month Watercooler and Siegel Sez Newsletters and never miss another article or news story.