Acquisitions & Hotel Openings

Prism Hotels and Resorts Adds Three United Brotherhood of Carpenters Properties to Portfolio

Properties include two Hilton-brand hotels and the prestigious UBC training facility

DALLAS, TX. March 6, 2017 – Prism Hotels and Resorts, an award-winning, full service hotel management, investment, and advisory services company, announced today that they will be managing three properties owned the United Brotherhood of Carpenters (UBC), including their International Training Center (ITC), Homewood Suites by Hilton and Tru by Hilton, all located in Las Vegas. Prism Hotels and Resorts’ President and CEO Steve Van made the announcement.

The International Training Center was developed as a training facility for members of the UBC. The over 1 million-square-foot center consists of 300 dorm-style rooms, a 24-hour cafeteria and refreshment bar, banquet and event space, lounge, extensive classrooms, theaters, and training venues, as well as recreational facilities. The ITC attendees have full access to facilities and amenities.

The 147-room Homewood Suites by Hilton is a completely renovated property located in the Marnell Corporate Center near McCarran Center and Town Square, located 5 miles away from the Las Vegas Convention Center.

Tru by Hilton, which is currently under development, will open December 2017 and feature 160 guest rooms, with the property also serving as an overflow venue for the ITC. When completed, the new Tru by Hilton will provide guests with efficiently-designed guest rooms, reimagined public spaces and an open lobby.

“This is a really unique opportunity for us to work with United Brotherhood of Carpenters for these three Vegas properties,” Van said. “Our team is looking forward to delivering a best-in-class hospitality experience that we are recognized for. As we continue to expand our portfolio in 2017, these properties made strategic sense for us as we increase our footprint and continue working with great owners all over the country.”

The United Brotherhood of Carpenters is one of North America’s largest building-trades unions, with nearly a half-million members in the construction and wood-products industries. UBC leverages their 130-year history to prepare for tomorrow by training, educating, and representing the next generation of construction professionals. Their mission is to stand strong for their signatory contractors and help them succeed in today’s marketplace by supplying them with motivated, knowledgeable crews that demonstrate skills, productivity, and a strong work ethic every day. 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.

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Eco-Friendly Practices: The Value of Sustainability
The hotel industry continues to make remarkable progress in implementing sustainability policies and procedures in their properties throughout the world. As a result, they continue to reap the benefits of increased profitability, enhanced guest experiences, and improved community relations. In addition, as industry standards are codified and adopted worldwide, hotels can now compare how their operations measure up against their competitors in terms of sustainable practices and accomplishments. This capacity to publicly compare and contrast is spurring competition and driving innovation as hotels do not wish to be left behind in this area. Water management and conservation is still a primary issue as population growth, urbanization, pollution and wasteful consumption patterns place increasing demands on freshwater supply. Water recycling; installing low-flow fixtures; using digital sensors to control water usage; and even harvesting rainwater are just a few things that some hotels are doing to preserve this precious resource. Waste management is another major concern. Through policies of reduce, reuse and recycle, some hotels are implementing “zero-waste” programs with the goal of substantially reducing their landfill waste which produces carbon dioxide and methane gases. Other hotels have established comprehensive training programs that reinforce the value of sustainability. There is employee engagement through posters and quizzes, and even contests are held to increase innovation, sensitivity and environmental awareness. Some hotels are also monitoring a guest’s energy usage and rewarding those who consumed less energy with gifts and incentives. The May issue of the Hotel Business Review will document how some hotels are integrating eco-friendly practices into their operations and how they and the environment are benefiting from them.