KUALA LUMPUR, Nov 3 -- Hyatt Hotels Corporation announced that Hyatt has completed the previously announced acquisition of Apple Leisure Group® (ALG), a leading luxury resort-management services, travel and hospitality group, from affiliates of each of KKR and KSL Capital Partners, LLC.
“Hyatt’s acquisition of ALG represents a brand-defining moment in our more than 60-year history and builds on our legacy as a hospitality leader,” said president and chief executive officer, Hyatt, Mark Hoplamazian.
“We are excited to welcome the ALG team to the Hyatt family, and look forward to working together to achieve new levels of growth and value creation for all stakeholders – including our shareholders, owners, customers, guests, members and colleagues.”
Hyatt is doubling its global resorts footprint through the addition of ALG’s AMR™ Collection brand portfolio, which comprises approximately 100 hotels and resorts operating in 10 countries, as well as a pipeline of 24 executed deals in the Americas and Europe.
As a result, Hyatt now offers one of the largest collections of luxury all-inclusive resorts in the world, including new destinations for Hyatt such as Acapulco, Curaçao, the Canary Islands, Menorca and St Martin.
Through this acquisition, Hyatt has added properties in 11 new European markets and expanded its European brand footprint by 60 per cent, strengthening Hyatt’s growth potential in a critical region for global leisure travel demand, according to a statement.
In addition, Hyatt is offering even more options and experiences for its high-end guest and customer base and enhancing the end-to-end leisure travel experience through Unlimited Vacation Club® by AMR™ Collection; ALG Vacations®; Amstar; and, Trisept Solutions®.
ALG’s business will continue to be led by Alejandro Reynal and the current ALG leadership team. ALG will operate as a distinct business unit within Hyatt. Reynal has joined Hyatt’s executive leadership team and reports to Hoplamazian.
More details at www.hyatt.com.
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