Industry Update
Press Release24 August 2021

Aimbridge Hospitality Announces Departure Of Founder, Dave Johnson

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Aimbridge Hospitality

Aimbridge Hospitality announced Tuesday that founder, Dave Johnson, will be leaving Aimbridge to pursue other external opportunities. In January of this year, Johnson stepped aside from day-to-day operations and his role as CEO and handed the reins of the company to Mike Deitemeyer. Since that time, Johnson has held the position of Executive Chairman where he has focused primarily on strategic M&A.

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Glenn Murphy, chairman of the Board of Aimbridge Hospitality said, "Aimbridge has enjoyed unrivaled success for the better part of two decades thanks in large part to Dave's energy, vision, and drive." Murphy continued, "I appreciate Dave's partnership in ensuring a smooth CEO succession earlier this year and look forward to following his continued success."

"I am both humbled and grateful to have had the opportunity to work with so many talented people over the years and could not be prouder of the success Aimbridge has achieved. And knowing my good friend and longtime colleague, Mike Deitemeyer, is at the helm affords me the opportunity to pursue my next venture knowing our owners, guests, and colleagues are in good hands," said Johnson.

Mike Deitemeyer, president and CEO, Aimbridge Hospitality, said, "Dave has been an industry icon for as long as I can remember and leaves quite a legacy behind. I'm grateful for both his partnership and friendship over the years and look forward to driving continued growth and success for Aimbridge as Dave ventures on."

Aimbridge Hospitality is entering the second half of 2021 with strong operating performance having outperformed the competition during the first half of the year. In addition, the company expanded its presence in North America earlier this summer with its acquisition of Grupo Hotelero Prisma, the largest third-party operator in Mexico. Aimbridge continues to leverage its scale and reputation to attract and retain the industry's leading talent and deliver top returns to its owners. Aimbridge has become a global powerhouse from its original portfolio of just eight properties into the world's dominant hotel operator with a premium portfolio of more than 1,500 branded and independent properties in 20 countries and over 60,000 employees.

Aimbridge Hospitality

Aimbridge Hospitality is a leading, multinational hospitality company offering best in class hotel management services across a broad spectrum of franchised branded full and select service properties, luxury hotels, destination resorts, convention centers, and lifestyle hotels. Aimbridge's premium portfolio, inclusive of pipeline, represents over 1,550 properties in 49 states and 22 countries, with 70 lodging brands under management. As the world's largest third-party operator, Aimbridge is dedicated to its mission to be the best hospitality operator by leveraging its scale to add value for owners and opportunities for associates. Aligned with a concentrated focus, agility, and expertise for each vertical, or hotel product category, Aimbridge drives market success for hotels and optimizes investment returns for owners. Aimbridge Hospitality is based in Plano, Texas, with additional corporate offices in Atlanta, Calgary, Fargo, Puerto Rico, Toronto, and Washington D.C. Evolution Hospitality, Aimbridge's Lifestyle Division, is based in San Clemente, Calif. Aimbridge's International Division, Interstate Hotels & Resorts, has supporting offices across Europe in Amsterdam, Birmingham, Glasgow, and Moscow.

For more information on Aimbridge Hospitality, please visit www.aimbridgehospitality.com and connect with Aimbridge on LinkedIn.

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Kellie McCrory
MCA Public Relations
Phone: +1 214 654 0402
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