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 buyer.

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.

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