JMBM represents Prism Hotels & Resorts in the sale to Aimbridge Hospitality – Blog Law Hotel – December 20, 2021
December 14, 2021
Find out how JMBM’s Global Hospitality GroupÂ® can help you.
Click here for the latest articles on buying and selling a hotel.
JMBM represents Prism Hotels & Resorts in sale to Aimbridge Hospitality
The Global Hospitality GroupÂ® of Jeffer Mangels Butler & Mitchell LLP (JMBM) is pleased to announce the successful closing of the sale of our client Prism Hotels & Resorts (prismhotels.com) to Aimbridge Hospitality (aimbridgehospitality.com). Prism specializes in hotel management, resort development management and hotel receivership management and Ambridge is a leading global hotel company.
Partners Guy Maisnik and Jay Thompson led the JMBM team with Jamie Ogden working tirelessly on the pre-closing restructuring. Partner Michelle Choi has also worked diligently on the restructuring and a myriad of ancillary agreement documents.
In addition to a strong presence in traditional hotel management, Prism has the best consulting services in hotel turnaround and “turnaround” involving the management and restructuring of establishments in economic difficulty.
âIn a year of immense change, it is fitting that we announce the biggest moves in our company’s 38-year history,â Van said in a press release. âClose relationships have become an integral part of our corporate identity, and we place great value on the people we have grown up with and the exceptional properties we serve. It is with these values ââin mind that we selected Aimbridge Hospitality to continue the legacy of Prism. Aimbridge’s access to best-in-class resources and systems, coupled with its highly efficient and experienced management team and deep understanding of our Most Satisfied Owner philosophy, make it the perfect choice. The Prism difference is alive and well, and we know the passion and dedication of our field teams will continue to shine throughout this transition. We are inspired by this opportunity and thrilled to be a part of Aimbridge Hospitality as we write the next chapter in history together. Our best is yet to come.
âWe are delighted to continue to grow Aimbridge with the acquisition of Prism. Said Michael J. Deitemeyer, President and CEO of Aimbridge Hospitality. âWith our global resources and Prism’s stellar reputation, this acquisition presents a great opportunity for all of us. We look forward to welcoming their hotels, owners and talented team to Aimbridge and together taking the incredible approach of Prism’s most satisfied owner and the services of robust lenders to new heights.
About the Global Hospitality GroupÂ®
We have helped clients with over 4,300 hotel properties valued at over $ 104.7 billion, providing one of the most comprehensive virtual databases of market conditions for transactions and financing in the world. hospitality industry. For more information, visit www.HotelLawyer.com.
About Prism Hotels & Resorts
As an award-winning full-service hotel management company, Dallas-based Prism Hotels & Resorts has built a reputation for operational excellence by increasing hotel performance and delivering measurable results. Recently, Prism was selected as a 2021 strategic partner by Hyatt. The company was also named Hyatt’s Best Full-Service Operator in the Americas, consecutively received the Connie Pride Merit Awards from Hilton, and won the Franchise Hotel of the Year award for the Hyatt Regency LAX. With 35 years of experience, Prism draws on the best talent in the industry to produce a world-class experience that spans from reception to results. Prism manages a portfolio of more than 30 hotels from several institutional and private owners, including urban, suburban and resort destinations. The company has expertise in the management of all major brands as well as independent destination hotels. For more information, please visit www.prismhotels.com.
About Aimbridge Hospitality
Aimbridge Hospitality is a leading global hospitality company providing premier hotel management services across a wide range of full franchise branded services, select services, luxury hotels, resorts, convention centers and lifestyle hotels. Aimbridge’s premium portfolio represents approximately 1,500 properties in 49 states and 20 countries, including the pipeline. With the industry’s strongest brand diversity, Aimbridge and its affiliates represent 84 accommodation brands, in addition to over 82 independent boutique / lifestyle hotels in the portfolio. As the world’s largest third-party operator, Aimbridge is dedicated to its mission of leveraging its scale to add value to owners and opportunities for associates better than any hotel operator. Aligned with focus, agility and expertise for each vertical, Aimbridge drives success in the hotel market and maximizes returns on investment for owners. Aimbridge Hospitality’s global headquarters are based in Plano, TX, with additional offices in Atlanta, Calgary, Fargo, Puerto Rico and Washington, DC Evolution Hospitality, Aimbridge’s Lifestyle division, is based in San Clemente, USA. California. Aimbridge’s international division, Interstate Hotels & Resorts, has support offices across Europe in Amsterdam, Birmingham, Glasgow and Moscow. The company’s Mexico division, Group Hotelero Prisma, has offices in Monterrey and Mexico City. For more information on Aimbridge Hospitality, please visit www.aimbridgehospitality.com and connect with Aimbridge on LinkedIn.
It is Jim butler, author of www.HotelLawBlog.com and founding partner of JMBM and JMBM’s Global Hospitality GroupÂ®. We provide business and legal advice to hotel owners, developers, independent operators and investors. This advice covers critical hotel issues such as buying, selling, development, financing, franchising, management, ADA, and intellectual property issues. We also have compelling experience in hotel litigation, union avoidance and union negotiations, as well as cybersecurity and data privacy.
JMBM’s Global Hospitality GroupÂ® has helped clients around the world with more than 4,500 hotel properties valued at over $ 112 billion. contact me at + 1-310-201-3526 or [email protected] to discuss how we can help you.
How can we help? Brochure References Photo gallery