Seibu Prince Hotels Worldwide completed the acquisition of Ace Group for $90m.

Seibu Prince Hotels Worldwide, a Tokyo-based hospitality operator, completed the acquisition of Ace Group, a hospitality group firm, for $90m. "Today marks an important milestone in SPW's journey to become a truly global hotel group with Japanese roots. Ace Hotel brings a distinctive cultural spirit that perfectly complements our portfolio. By uniting Ace's pioneering approach with SPW's heritage of omotenashi, the Japanese art of genuine hospitality, and our global footprint, we are creating a hospitality group that is authentic and globally trusted," Yoshiki Kaneda, SPW President & CEO.