Hyatt Doubles Portfolio of Resorts with Acquisition of Apple Leisure Group

(06 Nov 2021)  Hyatt has completed its acquisition of Apple Leisure Group (ALG), a luxury resort-management services, travel and hospitality group, from affiliates of each of KKR and KSL Capital Partners.

With 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, Hyatt is effectively doubling its global footprint of resorts.

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.

Dreams Las Mareas Resort and Spa in Costa Rica

Through this acquisition, Hyatt has added properties in 11 new European markets and expanded its European brand footprint by 60%.

In addition, Hyatt can now offer even more options and experiences to its guests, including:

- Unlimited Vacation Club by AMR Collection, an exclusive membership club whose members enjoy preferred rates and other benefits at participating 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 Caribbean;

- Amstar, a leading destination services management company; and

- Trisept Solutions, a unique leisure travel technology platform.

Hyatt plans to integrate the AMR Collection into World of Hyatt in 2022 so that members can earn and redeem World of Hyatt points at AMR Collection hotels and resorts.

“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 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 will operate as a distinct business unit within Hyatt and will continue to be led by Alejandro Reynal and the current ALG leadership team.

Mr. Reynal has joined Hyatt’s executive leadership team and reports to Mr. Hoplamazian.