US/Japan: Japanese operator Seibu Prince Resorts Worldwide (SPW), an organization of Seibu Group, has acquired Ace Group Worldwide, mum or dad firm of Ace Resort and its in-house artistic company Atelier Ace.
The acquisition was accomplished by SPW’s newly established US subsidiary, Ace Resorts Worldwide Inc. The deal is predicted to shut by the tip of September 2025, upon which SPW can pay roughly USD $90 million to amass Ace.
Beneath the settlement, Ace Resort will function as a subsidiary of SPW’s lodge division whereas retaining independence in model and inventive route.
The Ace portfolio contains eight inns, together with places in New York, Kyoto, Brooklyn, and lately launched in Athens. Improvement tasks presently in progress embody Ace Resort Fukuoka, anticipated to open in 2027.
Additional enlargement is focused throughout North America, Asia and Europe.
“We’re honoured to affix Seibu Prince Resorts Worldwide,” mentioned Brad Wilson, chairman of Ace Resort. “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 neighborhood. Seibu Prince shares these values, and with their strategic imaginative and prescient and worldwide attain, we are able to proceed to safeguard Ace’s impartial spirit whereas taking the model to new heights.”
Chris Penn, CEO of Ace Resort, added: “Ace has established itself as a frontrunner in experiential hospitality, with a confirmed skill to create locations that resonate throughout cultures and markets. Our partnership with SPW supplies 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, mentioned: “As we speak marks an necessary milestone in SPW’s journey to turn out to be a really 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 inns and ryokans to ski resorts and golf retreats. Places embody Tokyo, Kyoto, New York, Singapore, Bahrain, and Hawaii.
Collectively, SPW and Ace will function 94 inns worldwide, with seven extra within the pipeline.
Highlights:
• Japan’s Seibu Prince Resorts Worldwide (SPW) will purchase Ace Group Worldwide, mum or dad of Ace Resort and Atelier Ace, for about USD $90 million.
• The deal, executed by SPW’s new US subsidiary Ace Resorts Worldwide Inc., is predicted to shut by the tip of September 2025.
• Ace Resort will stay a definite model and retain its personal artistic route whereas working underneath SPW’s lodge division.
• Ace operates eight inns in cities comparable to New York, Kyoto, and Athens, with Ace Resort Fukuoka opening in 2027.
• After the deal, SPW and Ace will handle 94 properties worldwide.
