Ace lands bigger bet

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

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Ace Group International acquired for $85m

Ace Group International acquired for $85m

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.

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CORI Hornbæk Hotel reveals September debut
CORI Hornbæk Hotel reveals September debut
Reading Time: 2 minutesDenmark: The luxury coastal spa retreat CORI Hornbæk Hotel is due ...
British hotel group The Elysium Collection launches
British hotel group The Elysium Collection launches
Reading Time: 2 minutesUK: Luxury hotel, spa and health club group The Elysium Collection ...
PRISM appoints VP expansion Europe and the Middle East
PRISM appoints VP expansion Europe and the Middle East
Reading Time: < 1 minuteEurope/Middle East: Hospitality technology company PRISM has appointed Lia Prendergast ...
Nobu and SODIC reveal Egypt expansion
Nobu and SODIC reveal Egypt expansion
Reading Time: 2 minutesEgypt: Luxury lifestyle brand Nobu and real estate developer SODIC have ...
Griffin Capital Partners and PRIMESTAR launch hotel platform in Poland
Griffin Capital Partners and PRIMESTAR launch hotel platform in Poland
Reading Time: 2 minutesPoland: Griffin Capital Partners and PRIMESTAR Group have launched Prime Griffin ...
Kow acquires 100 per cent of Queensgate Investments
Kow assumes control of Queensgate Investments
Reading Time: 2 minutesUK: Jason Kow, the founder of private investment firm Queensgate, has ...
Evok Collection expands Nolinski brand with French Alps acquisition
Evok Collection expands Nolinski brand with French Alps acquisition
Reading Time: < 1 minuteFrance: Zaka Investments, the asset manager and developer of Evok ...
The Savoy opens public auction for luxury hotel furnishings
Luxury furnishings from The Savoy set for summer auction
Reading Time: 2 minutesUK: Pro Auction Limited will lead a three-day auction of luxury ...
Theobalds Estate launches first phase of wellness centre
Theobalds Estate launches first phase of wellness centre
Reading Time: 2 minutesUK: Theobalds Estate, the first UK hotel to join IHG’s Noted ...
UMusic to debut hotel with residences in Austin
UMusic to debut hotel with residences in Austin
Reading Time: 2 minutesUS: UMusic Hospitality & Lifestyle, developed in partnership with Universal Music ...