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Sortis Holdings revealed plans in January to buy Ace Group International and its management firm, Atelier Ace. But it has not gone according to plan.
1 month ago
Hotels
Today’s edition of Skift’s daily podcast looks at the plans for Ace Hotels, unrest in Peru, and the state of six (now mature) startups.
Rashaad Jorden | 8 months ago
Sortis executives have given more details on their plans for Ace Hotels, the hip U.S.-based lifestyle brand that the company will acquire for $85 million in cash.
Sean O'Neill | 8 months ago
In Skift's top stories this week, Sortis Holdings acquires Ace Hotels for $85 million, business travelers seek more conference networking, and GetYourGuide CEO talks reimagining search for travel experiences.
Sherry Sun | 9 months ago
Ace Hotels has had a significant impact on the hotel industry, helping change the way brands look to attract younger travelers. Here are five important moments in its evolution that we've covered as it prepares now to be acquired by Sortis Holdings.
Rashaad Jorden | 9 months ago
Today’s edition of Skift’s daily podcast looks at Ace Group’s sale, a new kind of Olympics tourism, and New Mexico’s decade-long tourism campaign.
Investment firm Sortis agreed to acquire Ace Group International for $85 million. The all-cash deal will give Sortis the boutique Ace Hotels brand and its hotel management company.
9 months ago
Ace only has about a dozen properties, but it has punched above its weight in brand impact. Here's our analysis of whether Sortis is a good home and if $85 million is a good price.
Sean O'Neill | 9 months ago
Hotel room rates in the U.S. have never been so high. Plus, India and Australia forecast booming growth and other news in hotel deals and development.
Sean O'Neill | 1 year ago
It will certainly be interesting to see how Ace approaches both luxury and micro-hotels starting in the next few months.
Deanna Ting, Skift | 5 years ago
