The estate of the late Alex Calderwood, founder of Ace Hotels who died in 2013, is going to court asking to take control and manage Ace Group International (Ace Hotels) under the Ace membership agreement and Delaware law. The case is pending in the Supreme Court of New York for New York County.
The estate, which claims to be the majority stakeholder in Ace, has filed suit against Ace Group International LLC, its member Ecoplace LLC, and board member Stefanos Economou. The estate is asking the court to declare that it, not Ecoplace or Economou, has the right to control and manage Ace.
Aspen Ace LLC, with Gordon Sondland as president, was established to advise and represent the estate on behalf of the Calderwood family. Sondland is president of Provenance Hotels, Portland, Oregon.
HOTELS contacted the current Ace Hotels management team and they responded with a “no comment.”