Japanese hospitality firm Seibu Prince Hotels is nearing a deal to buy Ace Hotel brand for about US$85 million, combining Ace’s boutique appeal with Seibu’s infrastructure and growth strategy.
Oravel Stays, the parent of OYO, has rebranded to Prism to reflect its evolution into a diversified global hospitality and tech group ahead of its planned IPO.
TBO Tek has acquired Classic Vacations for $125 million, gaining access to the U.S. luxury leisure travel market and positioning itself as a key player in high-end global travel distribution.