Overview
- The acquisition is being executed through Seibu Prince’s newly formed U.S. subsidiary, Ace Hotels Worldwide Inc.
- Ace Hotel will operate as a subsidiary and retain independence over its brand and creative direction.
- Seibu Prince expects to pay approximately $90 million, with the transaction slated to close by the end of September 2025.
- Upon completion, the combined portfolio is expected to total 94 hotels worldwide with seven additional properties in development.
- Ace currently operates eight hotels in cities including New York, Kyoto, Brooklyn and Athens, has a Fukuoka opening planned for 2027, and will gain access to Seibu Prince’s global infrastructure and Seibu Prince Global Rewards.