Ace Hotel Appoints New Leaders After Failed 2023 Buyout Deal
Skift Take
The move marks another chapter in the evolving Ace Hotel brand story following the 2023 collapse of Sortis Holdings' attempted $85 million acquisition.
Ace Group International, operator of the lifestyle hotel brand Ace Hotel, announced a new CEO and other management changes this week.
The move marks another chapter in the company's evolving story following the 2023 collapse of Sortis Holdings' attempted $85 million acquisition.
Chris Penn, who previously led Ace Hotel London, is rejoining the company as CEO. Penn brings a quarter century of hospitality experience, including having founded the UK-based Birch lifestyle hotel brand, which won the (London) Times and Sunday Times' Hotel of the Year in 2020.
