Japantown owner reaches preservation agreement
with possible buyer
Bay City News Service
March 13, 2006
SAN FRANCISCO (BCN) - A tentative agreement preserving
the cultural heritage and theme of two hotels in San Francisco's
Japantown has been reached between the property owner and a potential
The agreement between Japantown owner Kintetsu Enterprise Company
of America and Beverly Hills-based 3D Investments LLC will preserve
"the theme, the look and the feel of Japantown far into the
future," Kintetsu spokesman Sam Singer said today.
The Radisson Miyako and Best Western Miyako Inn hotels have been
tentatively purchased by 3D Investments, according to Singer.
The hotels are part of the three-square-block Japantown mall that
Kintetsu also owns.
In addition to preserving the property's Japanese character,
the agreement will ensure the hotels will be available to Japanese
community groups for events like the Cherry Blossom Festival,
and calls for the continued support of community events and participation
in the Japantown Merchants Association.
Singer said both companies are looking into providing similar
protections for the Japantown malls should they too be purchased
by 3D Investments.
Copyright © 2006 by Bay City News, Inc. -- Republication,
Rebroadcast or any other Reuse without the express written consent
of Bay City News, Inc. is prohibited.