Apple Leisure Group Joins ‘Buy One, Give One’ Campaign to Jump-Start Travel

Apple Leisure Group | May 22, 2020

Apple Leisure Group Joins ‘Buy One, Give One’ Campaign to Jump-Start Travel
Apple Leisure Group Vacations (ALGV) announced today that it’s coming together with other hospitality operators to participate in a new ‘Buy One, Give One’ program, which serves the dual purpose of generating immediate revenue for hotels suffering from the effects of the ongoing COVID-19 crisis and providing a “thank you” gesture to the dedicated healthcare professionals who’ve worked tirelessly on the front lines of the pandemic.
As such, ALGV becomes the only wholesale tour operator thus far to join in the “pay it forward” campaign. Restarting leisure travel is a major priority for the whole hospitality industry, which has been among the most severely impacted economic sectors amid COVID-19. According to recent data from the American Hotel & Lodging Association (AHLA), 70 percent of hotel employees have been laid off or furloughed, and 80 percent of hotel rooms sit empty.

Spotlight

How many can you guess? Welcome to MojoTravels, and today we're counting down the Top 10 Popular Cities of 2019. For this list, we’re taking a look at cities from around the world that received the highest number of international travelers in 2019.We’d like to give a special shoutout to MasterCard and their Global Destination Cities Index for putting in the research to produce this definitive ranking.

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Hyatt to Acquire Apple Leisure Group, Expanding Global Brand Presence in Luxury Leisure Travel

Hyatt Hotels Corporation | August 16, 2021

Hyatt Hotels Corporation today announced that Hyatt has entered into a definitive agreement to acquire Apple Leisure Group (ALG), a leading luxury resort-management services, travel and hospitality group, from affiliates of each of KKR and KSL Capital Partners, LLC for $2.7 billion in cash. The transaction is anticipated to close in the fourth quarter of 2021, subject to customary closing conditions. ALG’s resort brand management platform AMResorts® provides management services to the largest portfolio of luxury all-inclusive resorts in the Americas under the AMRTM Collection brand portfolio, including well-known brands Secrets® Resorts & Spa, Dreams® Resorts & Spas, Breathless® Resorts & Spas and Zoëtry® Wellness & Spa Resorts as well as the fast-growing Alua® Hotels & Resorts brand, which is expanding in European leisure destinations. The acquisition also includes ALG’s membership offering, Unlimited Vacation Club®, travel distribution business ALG Vacations®, as well as destination management services and travel technology assets. Following the completion of the transaction, ALG’s business will continue to be led by current ALG CEO Alejandro Reynal and the current ALG leadership team. Mr. Reynal will become a member of Hyatt’s executive leadership team and report to Hyatt CEO Mark Hoplamazian. “With the asset-light acquisition of Apple Leisure Group, we are thrilled to bring a highly desirable independent resort management platform into the Hyatt family,” said Mark Hoplamazian, president and chief executive officer, Hyatt. “The addition of ALG’s properties will immediately double Hyatt’s global resorts footprint. ALG’s portfolio of luxury brands, leadership in the all-inclusive segment and large pipeline of new resorts will extend our reach in existing and new markets, including in Europe, and further accelerate our industry-leading net rooms growth. Importantly, the combination of this value-creating acquisition and the $2 billion increase in our asset sale commitment will transform our earnings profile, and we expect Hyatt to reach 80% fee-based earnings by the end of 2024.” ALG’s hotel portfolio consists of over 33,000 rooms operating in 10 countries. The portfolio has grown from nine resorts in 2007 to approximately 100 properties by the end of 2021 and has a pipeline of 24 executed deals with a large number of additional hotels in the development process. ALG’s Unlimited Vacation Club® is an exclusive travel club whose participants enjoy preferred rates and other benefits at AMR™ Collection properties. With over 110,000 members, Unlimited Vacation Club® membership has grown at a compounded annual growth rate of 18% over the last five years. “Combining Hyatt’s deep expertise and global brand footprint with ALG’s strong resort brands, operating capabilities and robust development plans will elevate our differentiated position and create a leader in luxury leisure travel,” said Alejandro Reynal, chief executive officer, Apple Leisure Group. “On behalf of everyone at ALG, I am grateful to our partners at KKR and KSL who supported us in building the platform into what it is today. I am excited to have our team join the Hyatt family and I anticipate a robust growth journey ahead as the industry expands and we are able to provide a best-in-class leisure offering to an even larger group of travelers around the world.” “Today is a great milestone in what has been a story of growth, resilience, and dedication to world-class leisure experiences by an outstanding team at Apple Leisure Group,” said Chris Harrington and Rich Weissman, partners at KKR and KSL Capital Partners, respectively. “There is simply no better home for ALG to continue on its growth trajectory than being part of Hyatt.” Hyatt to Discuss Transaction on Webcast Scheduled for Monday, August 16 at 7:30 a.m. CDT

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Spotlight

How many can you guess? Welcome to MojoTravels, and today we're counting down the Top 10 Popular Cities of 2019. For this list, we’re taking a look at cities from around the world that received the highest number of international travelers in 2019.We’d like to give a special shoutout to MasterCard and their Global Destination Cities Index for putting in the research to produce this definitive ranking.