Hyatt Hotels Corp. announced on Tuesday the completion of
its acquisition of Apple Leisure Group. 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. In addition, Hyatt has added properties in 11 new European markets
and expanded its European brand footprint by 60 percent, according to the
company.
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