Hyatt Completes Acquisition of Apple Leisure Group
Wednesday, November 3, 2021
Hyatt Hotels Corporation has just announced that Hyatt completed the acquisition of Apple Leisure Group® (ALG). Apple Leisure Group is a leading luxury resort-management services, travel, and hospitality group. The company was acquired from affiliates of KKR and KSL Capital Partners, LLC.
Through this acquisition, Hyatt has double its global resort footprint through ALG’s AMR™ Collection brand portfolio, which features 100 hotels and resorts across 10 countries. It also features a pipeline of 24 executed deals in the Americas and Europe. As a result, Hyatt now offers one of the largest collections of high-end all-inclusive resorts in the world. This includes new destinations for Hyatt such as Acapulco, Curaçao, the Canary Islands, Menorca, and St. Martin. Hyatt also added properties in 11 new European markets and expanded its European brand footprint by 60-percent.
Additionally, Hyatt is now offering even more options and experiences for its high-end guest and customer base by enhancing the complete leisure travel experience through:
- Unlimited Vacation Club® by AMR™ Collection – an exclusive membership club that offers preferred rates and other benefits at select AMR™ Collection properties
- ALG Vacations® – one of the largest packaged vacation providers and leisure travel distribution platforms in North America serving the United States, Mexico, and the Caribbean
- Amstar – a leading destination services management company
- Trisept Solutions® – a leisure travel technology platform
Hyatt is ensuring that the World of Hyatt® loyalty program and ALG’s Unlimited Vacation Club® will add value and specialized loyalty benefits to both respective member bases. Hyatt will be integrating the AMR™ Collection into the World of Hyatt in 2022, so that members earn and redeem World of Hyatt points at over 100 AMR™ Collection vacation properties.
“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 Mark Hoplamazian, president and chief executive officer, Hyatt. “Hyatt and ALG have highly complementary brand portfolios and share a deep commitment to the colleague and guest experiences focused on care. Having first entered the fast-growing luxury all-inclusive space in 2013, we are ideally positioned to capture the significant and rising demand for leisure travel and extend the world-class hospitality we provide to a wide range of new travelers. 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.”
ALG’s business will continue to be led by the chief executive officer and president, Alejandro Reynal, as well as the current ALG leadership team. ALG will operate as a distinct business unit within Hyatt. Mr. Reynal has also joined Hyatt’s executive leadership team and reports to Mr. Hoplamazian.
Learn more about Hyatt by visiting the brand’s official website.