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Sortis Holdings Plays Key Role In Rescuing Portland's Iconic Ace Hotel
Sortis Holdings Plays Key Role In Rescuing Portland's Iconic Ace Hotel.
About this update from Sortis Holdings, Inc.
[{"type":"text","content":"\n\n\n\nSortis Holdings Plays Key Role In Rescuing Portland's Iconic Ace Hotel\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nSortis Holdings Plays Key Role In Rescuing Portland's Iconic Ace Hotel\nPR Newswire\nPORTLAND, Ore., Jan. 19, 2021\n\n\n\nPORTLAND, Ore., Jan. 19, 2021 /PRNewswire/ -- Sortis Holdings, Inc. (OTC: SOHI), a Portland, Oregon-based alternative investment fund manager, has been a key driving force behind the rescue of the 1909 historic downtown Portland Ace Hotel. The Sortis investment will allow the hotel to move through the remainder of the COVID-19 crisis taking the down time to freshen up the interiors and gear up for a return to travel and social life. \nSortis acquired the Ace with the original founders, joining them in ownership. Sortis worked closely with Ace Founder Wade Weigel through the process, who is also the founder of Rudy's Barbershop. The Sortis team has worked closely with Weigel through 2020-2021 through the rescue of Rudy's in May 2020 and now the Ace Portland. Weigel, accompanied by the Ace's other founder Doug Herrick, are core to the original ethos and soul of the hotel as a cultural space. \n\"When we opened the Ace Seattle in 1999 and the Ace Portland in 2006, it was always about more than a place to stay. It was a gathering place, a meeting place, and a resting place for creatives. The goal was to create an environment that felt like home shared by travelers and locals alike. The spirit of the Ace's culture, energy and community is all about sharing space together and exploring the city. Once we're able to gather again safely, this is what I am most excited about for the Ace in Portland,\" noted Ace founder Weigel.\nLike most hotels, the Ace was not immune to COVID-19 and was forced to drastically shift gears through 2020. COVID-19 and the political action dominating downtown Portland have seriously impacted the city's hospitality scene. Yet, the Ace's long-standing popularity as a brand and the physical location and historical significance of the space made the Ace Portland a clear fit for the Sortis Rescue Fund. ...