Prism Hotels and Resorts to Manage New Dual-Brand Hotel in Arizona

Announcement continues the company's growth trajectory of securing the management of unique properties nationally

. December 21, 2016

DALLAS, TX. December 21, 2016 - Dallas-based Prism Hotels and Resorts announced today that it will manage the Holiday Inn Express/Staybridge Suites, a new dual-brand hotel opening in Goodyear, Arizona. Prism Hotels and Resorts' President and CEO Steve Van made the announcement.

The dual-brand hotel, being developed by San Ysidro Ventures, will be built on a 12-acre mixed-use site and consist of 197 total rooms—93 Holiday Inn Express and 104 Staybridge Suites rooms. Construction is slated to begin in late Q2/early Q3 2017.

The hotel will feature a two-story lobby space with a combined lobby/lounge and dining experience. The brands will share common public spaces, including a fitness center, business center, market/pantry, game room, guest laundry and approximately 2,000 square feet of meeting space, as well as an inviting enclosed oasis setting—an outdoor courtyard space with a pool, whirlpool spa, a children's water feature and play area as well as outdoor dining spaces. The hotel is slated to open in the fall 2018.

“This dual-brand hotel is another exciting project for us adding to a list of great management and advisory opportunities we've secured nationally during 2016,” said Van. “The modern amenities of this hotel, along with the restaurant and retail options of the mixed-use development, will make for a memorable hospitality experience.”

This announcement is the most recent example of Prism continuing to show the industry the new face of the company. Long recognized for its expertise in managing distressed properties, Prism has made a strategic pivot as a company—successfully leveraging its proven management expertise, deep relationships and team of experienced professionals for some of the best hotels in the country.

In addition to managing the hotel upon completion, Prism has been retained as a strategic advisor during the project development phase.

The Holiday Inn Express/Staybridge Suites will be conveniently located within walking distance to all restaurants, retail shops and other great amenities planned for the mixed-use development site.  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.

About San Ysidro Ventures

San Ysidro Ventures is a Los Angeles-based real estate company focused on designing, developing and operating commercial, hospitality, and mixed-use residential assets. The Company focuses primarily on opportunities in Southern California and other select markets with strong demand generators and long-term supply-demand characteristics. The founding partners of SYV have been involved in the acquisition, development, and asset management of more than $10 billion of properties throughout the U.S.

Business Contact:

Morgan Mark
T: 2482582333
E: [email protected]

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