Hyatt completes acquisition of Apple Leisure Group

Wednesday, November 3, 2021

Hyatt recently completed the acquisition of Apple Leisure Group (ALG), a luxury resort-management services, travel and hospitality group. The company was purchased for US$2.7 billion from KKR and KSL Capital Partners.

Hyatt is doubling its global resorts footprint through the addition the AMR Collection brand portfolio, which comprises approximately 100 hotels and resorts operating in ten 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. Mark Hoplamazian, President and Chief Executive Officer, Hyatt said in a statement that Hyatt’s acquisition of ALG represents a brand-defining moment in its more than 60-year history and builds on the legacy as a hospitality leader.

He mentioned that Hyatt and ALG have highly complementary brand portfolios and share a deep commitment to colleague and guest experiences focused on care. He also said that having first entered the fast-growing luxury all-inclusive space in 2013, the brand is ideally positioned to capture the significant and rising demand for leisure travel and extend the world-class hospitality to a wide range of new travellers.

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