
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.

Reading Time: 2 minutesUS: Portland-based investment firm Sortis Holdings has reportedly walked away from its acquisition of the Ace Hotels platform and its management arm.Â
![[Credit: Ace Hotel] Ace Group International acquired for $85m](https://boutiquehotelnews.com/wp-content/uploads/2023/01/Screenshot-2023-01-18-at-14.23.06-800x445.png)
Reading Time: < 1 minuteWorldwide: Lifestyle and hospitality operator and development firm Sortis Holdings has agreed to acquire the Ace Group International and its management company Atelier Ace for $85 million.
![[Credit: William Jess Laird] Ace Hotel Toronto opens](https://boutiquehotelnews.com/wp-content/uploads/2022/07/a98390f6-2ab9-a3da-29b9-4189776d3b24-800x445.jpg)
Reading Time: 2 minutesCanada: The 123-room Ace Hotel Toronto has opened, located in the Garment District of the city.