The hotel chain, which was originally founded in the US in 1999, opened up its first UK branch in 2013, taking over the crown plaza hotel site Shoreditch.
An announcement on the hotel’s website read: “We’re heartbroken to announce that our longtime home on High Street will no longer continue as Ace Hotel London Shoreditch.”
It added: “As our first hotel outside the US, it was built as an open satellite for the extraordinary energy ignited by the city itself. And we want to thank with deepest gratitude and pride all the ferocious champions of culture, the salty legends on the dance floor, the lone early risers finding dawn on the Rooftop.
“Thank you to our dream team, to fellow travelers and to our steadfast neighbors for embracing Ace and making it your own.”