DALLAS — Aimbridge Hospitality has acquired Prism Hotels & Resorts, a full-service hotel management, investment and advisory services company representing more than 48 properties.
“In a year marked by immense change, it’s fitting that we announce the biggest moves in our company’s storied 38-year history,” says Steve Van, president and CEO, Prism Hotels & Resorts. “Close relationships have become integral to our company’s identity, and we place tremendous value in our people with whom we’ve grown together and the great properties we service. It’s with those values in mind that we have selected Aimbridge Hospitality to carry the Prism legacy forward. Aimbridge’s access to best-in-class resources and systems, coupled with their highlight effective and experienced leadership team and deep understanding our Most Satisfied Owner philosophy, makes them a perfect fit. The Prism Difference is alive and well, and we know the passion and dedication of our teams on the ground will continue to shine through this transition. We’re inspired by this opportunity and excited to be part of Ambridge Hospitality as we write the next chapter of history together. Our best is yet to come.”
“We’re excited to continue Aimbridge’s growth with the acquisition of Prism,” says Michael J. Deitemeyer, president and CEO, Aimbridge Hospitality. “With our global resources and Prism’s stellar reputation, this acquisition presents great opportunity for all of us. We look forward to welcoming their hotels, owners and talented team to Aimbridge and taking Prism’s incredible Most Satisfied Owner approach and robust lender services arm to new heights together.”