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Seibu Prince Hotels acquires Ace Hotel and Atelier Ace for $90 million, expanding its global footprint.
Seibu Prince Hotels Worldwide has agreed to acquire Ace Hotel and its creative agency Atelier Ace for $90 million, with the deal expected to close by September 30.
The acquisition, part of Seibu Prince’s long-term growth strategy, will expand its global portfolio to 94 hotels with seven more in development, enhancing its presence in North America, Europe, and future markets like Asia-Pacific and the Middle East.
Ace Hotel will operate as a subsidiary within Seibu Prince’s hotel division, maintaining independence in brand and creative direction.
The move follows a previous failed sale in 2023 and reflects a broader trend of hospitality brand consolidation, including Hyatt’s purchase of The Standard and Hilton’s acquisition of NoMad Hotels.
Seibu Prince Hotels adquiere Ace Hotel y Atelier Ace por $90 millones, expandiendo su presencia global.