US/Japan: Japanese operator Seibu Prince Inns Worldwide (SPW), an organization of Seibu Group, has acquired Ace Group Worldwide, father or mother firm of Ace Resort and its in-house artistic company Atelier Ace.
The acquisition was accomplished by SPW’s newly established US subsidiary, Ace Inns Worldwide Inc. The deal is predicted to shut by the tip of September 2025, upon which SPW can pay roughly USD $90 million to accumulate Ace.
Underneath the settlement, Ace Resort will function as a subsidiary of SPW’s lodge division whereas retaining independence in model and inventive course. Ace will even acquire entry to SPW’s loyalty program, Seibu Prince International Rewards.
The Ace portfolio includes eight resorts, together with areas in New York, Kyoto, Brooklyn, and lately launched in Athens. Growth initiatives at present in progress embrace Ace Resort Fukuoka, anticipated to open in 2027.
Additional enlargement is focused throughout North America, Asia and Europe.
“We’re honoured to hitch Seibu Prince Inns Worldwide,” stated Brad Wilson, chairman of Ace Hotel. “Over the previous decade, we’ve grown the Ace model globally whereas staying true to our founding ideas: remodeling historic buildings, contributing to neighborhood revitalisation, and creating locations that honor tradition and group. Seibu Prince shares these values, and with their strategic imaginative and prescient and worldwide attain, we will proceed to safeguard Ace’s unbiased spirit whereas taking the model to new heights.”
Chris Penn, CEO of Ace Hotel, added: “Ace has established itself as a pacesetter in experiential hospitality, with a confirmed means to create locations that resonate throughout cultures and markets. Our partnership with SPW gives the platform to speed up enlargement, strengthen our market presence, and ship long-term worth, whereas staying true to Ace’s distinct hospitality mannequin rooted in cultural engagement and inventive expression. Collectively, we’re coming into the subsequent chapter in Ace’s evolution as a worldwide firm.”
Yoshiki Kaneda, president and CEO of SPW, stated: “Immediately marks an necessary milestone in SPW’s journey to grow to be a very world lodge group with Japanese roots. Ace Resort brings a particular cultural spirit that completely enhances our portfolio. By uniting Ace’s pioneering strategy with SPW’s heritage of omotenashi, the Japanese artwork of real hospitality, and our world footprint, we’re making a hospitality group that’s genuine and globally trusted.”
SPW’s portfolio spans luxurious city resorts and ryokans to ski resorts and golf retreats. Areas embrace Tokyo, Kyoto, New York, Singapore, Bahrain, and Hawaii.
Collectively, SPW and Ace will function 94 resorts worldwide, with seven extra within the pipeline.
Highlights:
• Japan’s Seibu Prince Inns Worldwide (SPW) will purchase Ace Group Worldwide, father or mother of Ace Resort and Atelier Ace, for about USD $90 million.
• The deal, executed by SPW’s new US subsidiary Ace Inns Worldwide Inc., is predicted to shut by the tip of September 2025.
• Ace Resort will stay a definite model and retain its personal artistic course whereas working beneath SPW’s lodge division.
• Ace operates eight resorts in cities resembling New York, Kyoto, and Athens, with Ace Resort Fukuoka opening in 2027.
• After the deal, SPW and Ace will handle 94 properties worldwide.
