USA, Dallas, Texas. November 02, 2021

Dallas-based Prism Hotels & Resorts, an award-winning, full-service hotel management, investment, and advisory services company, has been honored with the prestigious 2021 Strategic Partner award by Hyatt. Prism Managing Director, Mitra Van accepted the award at the 2021 Americas Owners Conference Awards, held at Hyatt Regency Huntington Beach Resort & Spa.

Hyatt's Strategic Partner award is presented to companies that emulate qualities valuable to the Hyatt brand, including a strong corporate culture, high performance, and top-tier operating philosophies. Recipients of this award demonstrate a commitment to establishing and growing a multi-brand relationship with Hyatt. Since opening Hyatt Regency Los Angeles International Airport in 2016, Prism has grown its Hyatt brand portfolio to 12 full-service and select service properties.

"This honor is representative of our team's tireless efforts to achieve outstanding results for our owners," said Steve Van, President and CEO of Prism Hotels & Resorts. "Our established culture of collaboration and strong relationships, what we call "the Prism Difference," has given us the fuel to exceed expectations. Our longstanding relationship with Hyatt is tremendously valuable to our operations and to our reputation as a top management company. We are thankful to be their trusted partner."

In the early 1980s, Steve Van and a small group of partners began building, acquiring, and operating a collection of hotels in Texas. Since launching Prism Hotels & Resorts more than 40 years ago, Van and his team have experienced tremendous growth to become an award-winning, full-service hotel management company known for its owner's perspective and entrepreneurial approach.

"Prism has been a valuable voice at the table for its hotel owners for a long time," said David Tarr, Senior Vice President of Real Estate and Development, Americas at Hyatt. "Through good times and bad, their strategic insight and experience managing unique challenges in our industry has given our brand and its properties an advantage in many ways. We can always count on the Prism team to listen, collaborate, and offer thoughtful perspective on how to achieve measurable results for hotel owners and guests."

Earlier this year, Prism was retained as the management company for Hyatt Regency Los Angeles International Airport as the it underwent a change in ownership, which is representative of Prism's long-established relationship with Hyatt and its Most Satisfied Owner philosophy of delivering positive results, no matter the circumstance. Prism was originally engaged by Amalgamated Bank as the hotel's management company in 2016, as the 581-room hotel received a rebrand and renovation to become a Hyatt Regency hotel. The property has received numerous Hyatt awards, including the 2018 Hotel of the Year for full-service franchise hotels, 2017 Conversion of the Year, and 2017 Best Hyatt Operator in the Americas.

The term "Hyatt" is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.