Highgate partners with Lotte across the Americas and Asia
Industry

Highgate partners with Lotte across the Americas and Asia

Reading Time: 2 minutesUS/South Korea: Lotte Hotels & Resorts, the global hospitality arm of Lotte Corporation, and owner-operator Highgate, have entered into a strategic partnership that will see Highgate assume management of the Lotte New York Palace Hotel.

Global Hotel Alliance adds four member brands
Industry

Global Hotel Alliance adds four member brands

Reading Time: < 1 minuteWorldwide: The Global Hotel Alliance (GHA) has added four brands to its portfolio, expanding with 22 properties across Europe, the Middle East, and Asia. 

SMRDC Fest 2025: Driving growth and innovation
Features

SMRDC Fest 2025: Driving growth and innovation

Reading Time: 3 minutesBWH Hotels GB’s annual conference SMRDC Fest 2025 shared insights for independent hoteliers to drive profitability and strengthen commercial performance.

Ace lands bigger bet
Editor's Comments

Ace lands a bigger bet

Reading Time: < 1 minuteAce first entered sale negotiations in early 2023 with Portland-based Sortis Holdings, which agreed to buy the brand for roughly USD $85 million. That transaction never closed, with Sortis stating that Ace lost “multiple hotel management contracts, totalling over 20 per cent of the portfolio” after the initial settlement agreement.

Seibu Prince Hotels acquires Ace Group for $90 million
Finance and Investment

Seibu Prince Hotels acquires Ace Group for $90 million

Reading Time: 2 minutesUS/Japan: Japanese operator Seibu Prince Hotels Worldwide (SPW), a company of Seibu Group, has acquired Ace Group International, parent company of Ace Hotel and its in-house creative agency Atelier Ace.