In 2021, it became a co-owner of the downtown Portland Ace Hotel in Washington state. As a joint owner along with Ace executives, it helped to fund the company's refurbishment during the aftermath ...

It was almost bought by a Portland-based capital group but the sale collapsed. Ace Hotel is still owned by GFI Capital which also owns hospitality companies like LDV, behind Scarpetta in the GFI ...

The second Ace Hotel opened in Portland, Oregon, in 2007. From then, the company ramped up its development with hotels in New York City, London, Los Angeles, Pittsburgh, New Orleans, Chicago ...