Hyatt completes acquisition of Apple Leisure Group

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Hyatt Hotels Corp. announced on Tuesday the completion of the acquisition of Apple Leisure Group. ALG will operate as a separate business unit within Hyatt under ALG President and CEO Alejandro Reynal and his current leadership team. Reynal has joined Hyatt’s executive management team and reports to Hyatt President and CEO Mark Hoplamazian.

The agreement doubles the global footprint of Hyatt resorts with the addition of ALG’s AMR Collection brand, which includes approximately 100 hotels and resorts in 10 countries along with a pipeline of 24 projects in the Americas and Europe. Additionally, according to the company, Hyatt has added properties in 11 new European markets and expanded its European brand presence by 60 percent.

RELATED:Hyatt acquires Apple Leisure Group, Double Resort Footprint

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