Prism Hotels and Resorts Announces Management of Hyatt Regency Los Angeles International Airport

Currently the Concourse Hotel at Los Angeles International Airport, rebrand will result in largest Hyatt Regency franchise in North America

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. June 14, 2016

LOS ANGELES, CA. June 14, 2016 - Prism Hotels and Resorts announced today that they have been engaged to manage the largest Hyatt Regency franchise in North America, the soon-to-be 581-room Hyatt Regency Los Angeles International Airport. Prism Hotels and Resorts' President and CEO Steve Van made the announcement.
“Hyatt Corporation is highly selective in entrusting management companies to operate their Hyatt Regency brand and their approval of Prism puts us in a very small elite group of third-party full-service managers,” Van said.

This announcement continues Prism's recent trajectory in securing management contracts of some of the most recognized and desirable full-service hotels nationally, namely the 428-room Hilton Tucson El Conquistador Golf & Tennis Resort, the 290-room Hilton Baton Rouge Capitol Center, the 543-room Hilton San Francisco Financial District and the Embassy Suites Oklahoma City.

“This opportunity is showing the industry the new face of Prism,” Van said. “We've long been recognized for our expertise in managing distressed properties. But, in recent years, we have made an exciting pivot as a company—successfully leveraging our proven management expertise for some of the best hotels in the country. We are honored to be approved by Hyatt for this signature property and look forward to delivering an unmatched guest experience with our best-in-the-business team.”

Once complete, the hotel will include 35,000 square feet of innovative conference center space and two beautiful event lawns—The Hyatt Regency Park and The Hyatt Regency Grove, totaling 12,000 square feet. These unique outdoor spaces in the LAX market are the perfect showcase for the mild LA climate and can accommodate up to 1,050 people. Additionally, the hotel will feature a 13,500-square-foot high-end grand ballroom outfitted with best-in-class culinary equipment and custom LED lighting, a new pool deck surrounded by lush and contemporary spaces and 581 completely new guestrooms and suites outfitted with double-pane, soundproof windows and state-of-the-art technology.

Renovations of the hotel began last year with an anticipated completion and opening slated for later this year. The hotel is less than 20 minutes from Santa Monica attractions like the Santa Monica Pier and Pacific Park, and is just one block from terminal one of the Los Angeles International Airport. “Prism will soon be announcing a few other outstanding full-service projects that we are close to signing,” said Van.

For more information, please visit www.prismhotels.com.

About Prism Hotels and Resorts

As an award winning full service hotel management, investment, and advisory services company, Dallas-based Prism Hotels & Resorts has developed a reputation for operational excellence by increasing hotel performance and delivering measurable results. With 30 years of experience, Prism leverages top industry talent to produce a best-in-class experience that extends from the front desk to the bottom line. Prism currently manages more than 25 hotels for multiple institutional and private owners including urban, suburban and resort destinations. The company has expertise managing all major brands as well as independent destination hotels. For more information, please visit www.prismhotels.com.