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Seibu Prince Hotels Worldwide Could Acquire Ace Hotel Brand Following Sortis Holdings Failed Bid- Everything You Need to Know Now

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Friday, July 25, 2025

The Tokyo-based Seibu Prince Hotels Worldwide, a major hospitality company, is in advanced talks to buy the Ace Hotel brand, according to people familiar with the matter. The deal could result in Ace Hotel being managed by Seibu Prince; moving into a new phase in the brand’s history. It follows an earlier bid by Sortis Holdings to buy the Ace Hotel brand.

Background on Seibu Prince Hotels

Seibu Prince Hotels Worldwide is a prominent hospitality operator across Asia. The company is known for its diverse portfolio of hotel brands, including Park Regis by Prince, Prince Smart Inn, and Prince Akatoki. Seibu Prince’s acquisition of Ace Hotel would significantly expand its global reach, particularly in Western markets where Ace Hotel has a strong presence.

Seibu Prince is also recognized for operating the luxury Prince Akatoki brand, which opened its first London location in 2019 after a significant refurbishment. By acquiring Ace Hotel, Seibu Prince would be able to further diversify its offerings and tap into the established reputation of Ace in major cities worldwide.

Seibu Prince is also known for its upmarket Prince Akatoki brand, which opened its first hotel in London 2019 after extensive renovations. Through the purchase of Ace Hotel, Seibu Prince could diversify its business operations even more and take advantage of Ace’s global brand recognition in major cities around the world.

Ace Hotels Legacy and Challenges

Ace Hotel The first Ace Hotel opened in Seattle in 1999, gaining notoriety for it’s modern design and creative energy. The brand has grown to other important markets including New York, Los Angeles, London and beyond, feeding a loyal base of working travelers and locals. Savvy in its approach to hospitality as ever, Ace Hotel of course became the byword for stylish lodgings mixed with cool social options.

But Ace Hotel has had a rough stretch in recent years. The hospitality industry has been hit hard by the Covid-19 pandemic and Ace Hotel was no exception. The brand closed its London outpost in 2020, attributing the move to the financial pressures of the pandemic. The Los Angeles outlet, likewise, closed in January 2024 after a decade in business.

But despite the setbacks, Ace Hotel still has properties open in cities including Seattle, Palm Springs, New York and Brooklyn in the US and international outposts in Kyoto, Sydney, Toronto and Athens.

Sortis Holdings Efforts to Buy Ace Hotel

In early 2023, the boutique hotel operator Sortis Holdings, which is a private equity firm, was set to buy the Ace in an all-cash transaction. But the agreement fell through, and the brand was left clinging to the brink. It is understood the dudded proposal from Sortis Holdings has paved the way for Seibu Prince Hotels Worldwide to step forward as the leading contender going forward.

The withdrawal of the Sortis Holdings deal is a blow to Ace Hotel, which has faced financial troubles in the past few years. But the fact that Seibu Prince Hotels Worldwide is in talks to buy the company does leave some room for hope for Ace Hotel — which would have new resources and opportunities for growth under new ownership.

Potential Value of The Acquisition of Seibu Prince

If the Seibu Prince and Ace Hotel deal goes through, there are a number of potential upsides for both sides. The established presence Seibu Prince has in Asian markets and the strong brand Ace Hotel has in cities all over the world, might make them potential growth vehicles, they added. The sale would potentially give Ace Hotel the opportunity to grow its presence in Asia and to take advantage of Seibu Prince’s experience in hotel management.

The deal might bring renewed investment in Ace Hotel’s existing properties, allowing the brand to bounce back from its recent hits. With support from Seibu Prince Hotels Worldwide, Ace Hotel might become a king again on the boutique hotel turf.

Chris Penn Comes Back to Ace Hotel

Ace Hotel also had a new CEO in early 2024, Chris Penn, so there was some management change taking place. In 2013, Penn had assisted in the launch of Ace Hotel’s London outpost, contributing to building the brand’s image. He left the company in 2016 and has moved on to own some of his own ventures including Performance Hotels and Birch Hotels.

Penn’s comeback at Ace Hotel represents a renewed effort to bring the brand back to life. In a statement, he said he believed in the brand’s continued relevance, calling it one hotel brand that still, through independence, creativity and humanity, remains true to its values. His leadership could prove particularly important in the challenges to come, from the young female trainer idol’s latest jockey to Seibu Prince attempting to acquire the brand.

Looking Forward

Though the deal between Seibu Prince Hotels Worldwide and Ace Hotel is not yet set in stone, it could signal a new direction for the brand we thought we knew so well. Whether or not the sale is finalized, should it go through, it would represent a major shake-up in the ownership of Ace Hotel and offer new opportunities for growth and rejuvenation.

The parties involved in the deal — Seibu Prince Hotels Worldwide, and Ace Hotel — have not spoken publicly about the negotiations and the future of the deal remains unclear. Then again, if the deal does happen, it may signal an exciting new phase for Ace Hotel with the support of Seibu Prince’s experience on the international hospitality stage.



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Fashionable hotel merch for taking your holiday home with you

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Call it the White Lotus effect, but recent years have seen the emblematic crests of the world’s most luxurious and exclusive hotels – from the Ritz to Il Pelicano – become as valuable to such storied institutions as the rooms themselves. Such is the power of hotel ’merch’ – a way to demonstrate your affinity with the heady world of five-star hospitality, without the necessity of even staying a single night. The more obscure, the better: like an embroidered trio of fish on a bathrobe, which, for those in the know, will show you have stayed the night at Lake Como’s Passalacqua hotel – long a bolthole for the upper echelons, from world leaders to Hollywood royalty (or simply found your way to its webstore).

Here, as chosen by the Wallpaper* style team, a selection of these contemporary status symbols: from the cult Ritz Paris x Frame cap (now in its fourth iteration) to Jacquemus’ banana-hued accessories as part of his 2025 takeover of the Monte-Carlo Beach Club, and a T-shirt adorned with a perennial piece of Hollywood iconography: the Chateau Marmont sign.



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This is world tallest hotel, no one has checked in for decades, It’s not in US, UAE, or Japan…, it’s located in …, name is…

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Hotel Ryugyong is the world’s tallest hotel, which is located in North Korea’s Pyongyang. But no one has checked in to this hotel in decades. The reason is…

This is world’s tallest hotel, no one has checked in for decades, It’s not in US, UAE, or Japan…, it’s located in …, name is…

World’s Tallest Hotel: Whenever we think about magnificent buildings, we think of the United States or the United Arab Emirates (UAE). And when we think about North Korea, our mind thinks of nuclear missiles and bombs. But what if we say that the world’s tallest hotel is located in North Korea? Surprising right, but it’s true. The building’s structure reminds one of the Egyptian pyramids. We are talking about Hotel Ryugyong, which is also known for its bad luck. Let’s know more about Hotel Ryugyong.

Hotel Ryugyong

Hotel Ryugyong is surely a marvellous building that resembles an Egyptian pyramid because of its structure. Its height is just a little less than twice that of the Statue of Unity. The height of the Statue of Unity is 182 meters, while the height of this hotel is 330 meters. Hotel Ryugyong has 105 floors. But sadly, the luxurious hotel is still waiting for its first guest. Yes, no guest has come here to date.

Built with big dreams and plans, Hotel Ryugyong is the world’s tallest hotel but today it is known as a desolate and deserted building. The hotel’s exterior is fitted with LEDs, which are used for nightly displays of promotional material and symbols during major national events.

Inauguration Not Done

After knowing about the Hotel Ryugyong, you must be wondering why no guests have checked in here. Well, the answer is that it has not been inaugurated yet.

Incomplete Construction Work

The hotel has not been inaugurated yet because the construction work inside this building is not yet completed. This building is ready only from the outside, but the inside is still deserted.

Work started in 1987

As per reports, the construction of this building started in 1987 and it was completed in 1992. Further construction work was stopped due to the economic crisis, as aid stopped after the collapse of the Soviet Union.

The work was completed by 2011

In 2008, an Egyptian company started a USD180 million exterior glass and aluminium cladding project. The work was completed in 2011. However, the hotel has been in need of interior work ever since.






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Amex GBT, Chooose to launch hotel emissions tracker

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The $42 million floating-rate loan has a 36-month initial term and a 12-month extension option, with interest and completion guarantees from Banyan Street. The deal provides flexible capital for transitional assets at a reset basis, with comparable transactions pricing 98 percent above the loan basis, reflecting collateral strength and execution, Peachtree said in a statement.

“This transaction highlights how private credit continues to fuel opportunities across the commercial real estate landscape,” said Daniel Siegel, Peachtree’s president and principal of CRE. “In today’s volatile environment of elevated interest rates and persistent inflation, private credit remains a critical source of capital.”

Siegel said negative sentiment is preventing some from seeing opportunities.

“The market is bifurcated, with most vacancy tied to troubled assets, and when you adjust for those, the fundamentals tell a different story,” he said. “While sentiment will take time to shift, we’re ready to back smart business plans in this space.”

The private credit market continues to fill the gap left by traditional lenders, providing certainty for sponsors with defined strategies, the statement said.

Atlanta-based Peachtree is led by CEO and managing principal Greg Friedman, managing principal and CFO Jatin Desai and principal Mitul Patel.

“This transaction reflects a careful approach to how we de-risk—by structuring a basis reset in a top submarket with an experienced sponsor and a clear repositioning plan,” Siegel said.

Banyan plans to reposition AFC, starting with leasing the North Tower, using reserves for capital expenses, tenant improvements, and leasing. It will also explore larger tenants and redevelopment options.

While the broader office market faces headwinds, Buckhead remains a strong submarket, supported by financial firms, MARTA access, highway connectivity and retail and hospitality infrastructure, Peachtree said. Limited new supply, declining sublease inventory, and steady tenant demand position Buckhead and AFC for recovery and growth.

“Borrowers are seeking flexible capital that can adjust to changing market conditions, and that’s what we’re delivering,” said Jared Schlosser, head of originations and CPACE at Peachtree. “By providing execution certainty, we’re giving sponsors the runway to carry out their plans.”

Peachtree recently launched a $250 million fund to invest in hotel and commercial real estate assets mispriced due to capital market illiquidity.



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