Friday, January 21, 2022
HomeTravel TechnologyHyatt completes acquisition of Apple Leisure Group - Hotel Business

Hyatt completes acquisition of Apple Leisure Group – Hotel Business

Hyatt Hotels Corporation has completed the previously announced acquisition of Apple Leisure Group (ALG), a leading luxury resort-management services, travel and hospitality group, from affiliates of KKR and KSL Capital Partners LLC.

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, Mexico; 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%.

“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…

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