ALG’s portfolio of luxury brands, leadership in the all-inclusive segment and large pipeline of new resorts will extend our reach in existing and new markets, including in Europe, and further accelerate our industry-leading net rooms growth.”ĪLG’s Unlimited Vacation Club® is an exclusive travel club whose participants enjoy preferred rates and other benefits at AMR™ Collection properties. “The addition of ALG’s properties will immediately double Hyatt’s global resorts footprint. “With the asset-light acquisition of Apple Leisure Group, we are thrilled to bring a highly desirable independent resort management platform into the Hyatt family,” said Mark Hoplamazian, president and chief executive officer, Hyatt. The deal will expand Hyatt’s global brand presence in luxury leisure travel, especially in Europe. The acquisition also includes ALG’s membership offering, Unlimited Vacation Club, travel distribution business ALG Vacations, as well as destination management services and travel technology assets. That includes well-known brands Secrets Resorts & Spa, Dreams Resorts & Spas, Breathless Resorts & Spas and Zoëtry Wellness & Spa Resorts as well as the fast-growing Alua Hotels & Resorts brand, which is expanding in European leisure destinations. Under the AMR Collection brand, Apple Leisure Group (ALG) provides management services to what they call “the largest portfolio of luxury all-inclusive resorts in the Americas.”ĪLG’s hotel portfolio consists of over 33,000 rooms operating in 10 countries. The deal is expected to close in the fourth quarter this year. Hyatt Hotels Corporation announced 16AUG it is paying USD $2.7 billion in cash to acquire Apple Leisure Group. Hyatt to acquire Apple Leisure Group, expanding global brand presence in luxury leisure travel.
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