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Prism Hotel & Resorts Selected to Takeover and Manage
a 12-Property, 1877-room Hotel Portfolio


DALLAS, February 21, 2011 – Dallas-based Prism Hotels & Resorts has been selected to takeover and manage a 12-property, 1,877-room hotel portfolio, which includes Courtyard by Marriott, Four Points by Sheraton and Holiday Inn hotels in Pennsylvania, Maryland and North Carolina.
 
“Our lender clients choose Prism because we stop the bleeding and immediately start restoring value to hotels, and all is done in a seamless manner even with large portfolios like this one,” said Steve Van, chief executive officer of Prism Hotels & Resorts.

Prism currently manages 52 properties in 18 states nationwide, including all major brands and independents. The company has a hotel receivership practice with more than 275 assignments to date.

“Our extensive experience working directly with lenders and our ability to attract top talent, as evidenced by our 92% employee satisfaction rate, allows Prism to provide the stability and capital appreciation opportunities that our clients seek,” added Van.

As an additional service to clients, Prism has created an interim hotel brand called InnPlace, which serves the flag needs of a hotel at greatly reduced costs, including no Property Improvement Plan (PIP) requirements or termination fees. Prism may flag some of the 12 hotels in this newly-acquired portfolio with the InnPlace brand.

About Prism Hotels & Resorts
Dallas-based Prism Hotels & Resorts is one of the fastest growing full-service hotel investment, management and development companies in the United States. The company currently manages more than 7,500 rooms for multiple owners including urban, suburban and resort destinations.  Prism is approved to manage all major brands, as well as has extensive experience with independent destination hotels.
For more information, please visit www.prismhotels.com.
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Contact:

Cooper Smith Koch
Office: (214) 329-4477
Mobile: (214) 755-5359
cooper@coopersmithagency.com


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Also See: Prism Hotel & Resorts Promotes Mark Van Amerongen to Senior Vice President of Operations and Allison Handy to Vice President of Marketing / November 2011

Prism Hotels & Resorts Selected to Manage Sheraton Charleston Airport Hotel / June 2011

Prism Hotels and Resorts Appoints Jeffrey V. Farina as Senior Vice President of Business Development / February 2011

Windsor Capital Group Appoints Jeffrey V. Farina Vice President of Development / August 2010

Jeff Farina Appointed Vice President of Business Development for the Wyndham Brand / February 2008
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