The Apple Leisure Group (ALG) and AMR Collection are officially now part of Hyatt.
The transaction, which was first announced in August, was led by Hyatt Hotels Corp’s private-equity owner, KKR & Co and travel-and-leisure specialist KSL Capital Partners, and amounted to $2.7 billion in cash.
"By uniting our complementary brand portfolios, expertise and capabilities, we can offer more options than ever before to our guests and enjoy expanded growth potential,” wrote Gonzalo del Peón, group president, AMResorts Americas & Global Commercial, in an email to travel advisors on Tuesday (Nov. 2). “We expect this can contribute to your success as well.”
The deal will have “no impact on how we do business with you,” del Peón wrote, and ALG will continue to operate in a similar fashion to the way it prior to the transaction.
“There is no change in our operating relationship, and you will continue to work with the people you know and trust,” he wrote. “I also want to assure you we have protocols in place that are designed to protect your proprietary information. We remain committed to your confidentiality and data security needs.”
As part of the deal, ALG will operate as a distinct business unit within Hyatt under ALG's president and CEO Alejandro Reynal and his current leadership team.
Reynal has joined Hyatt's executive leadership team and reports to Hyatt president and CEO Mark Hoplamazian.
The deal doubles Hyatt's global resorts footprint with the addition of ALG's AMR Collection brand, which includes about 100 hotels and resorts in 10 countries along with a pipeline of 24 projects in the Americas and Europe.
Also, Hyatt has added properties in 11 new European markets and expanded its European brand footprint by 60 per cent, the company says.
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