Global hospitality company Aimbridge Hospitality has announced its acquisition of Prism Hotels & Resorts. The terms of the deal, which will include more than 48 properties across the U.S., have not been disclosed.
“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,” says Prism CEO and president Steve Van. “Aimbridge’s access to best-in-class resources and systems, coupled with their highly effective and experienced leadership team and deep understanding of our ‘Most Satisfied Owner’ philosophy, makes them a perfect fit.”
“We are excited to continue Aimbridge’s growth with the acquisition of Prism,” adds Aimbridge president and CEO Michael J. Deitemeyer. “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.”
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