Coast Hotels & Resorts and Coast's parent, Okabe North America Inc., a subsidiary of Okabe Co., Ltd., Japan’s leading manufacturer of construction and civil engineering products, announced Tuesday that Okabe has purchased the 110-room Rhombus Hotel & Resorts in downtown Chilliwack, B.C. for $7.3 million
Coast will manage the facility.
The hotel is currently closed for an extensive $5 million renovation to its interior and exterior. The hotel is scheduled to reopen this summer and will be known as the Coast Chilliwack Hotel.
“The Chilliwack area has a strong economic base and tremendous growth potential so we’re quite optimistic about the future performance of this hotel,” Shu Naito, vice-president, Okabe North America, said in a news release.
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