Apple Leisure Group (ALG) has a new owner, as Hyatt Hotel Corporation has completed their acquisition of the travel company.
The acquisition includes 100 hotels in 10 countries of ALG’s AMR Collection, which will double the number of Hyatt resorts around the world.
“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,” ALG said in a statement. “Through this acquisition, Hyatt has added properties in 11 new European markets and expanded its European brand footprint by 60 percent, strengthening Hyatt’s growth potential in a critical region for global leisure travel demand.”
The acquisition will also include a number of other options for luxury guest experiences, including: Unlimited Vacation Club by AMR Collection, ALG Vacations, Amstar, and Trisept Solutions.
“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. “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. ”
“Today marks the beginning of ALG’s next chapter, in which we will continue to build on the strong loyalty and reputation we have established through our luxury travel brands and services, now as part of Hyatt,” said Alejandro Reynal, chief executive officer and president, Apple Leisure Group. “We strongly believe we can achieve more together and are excited by the opportunities ahead for our expanded family.”
The current ALG leadership team will continue running that side of the company, with ALG operating as a distinct business unit within Hyatt.