{"id":4704,"date":"2021-08-16T21:19:23","date_gmt":"2021-08-16T18:19:23","guid":{"rendered":"https:\/\/turizmpress.com\/en\/?p=4704"},"modified":"2021-08-16T21:19:26","modified_gmt":"2021-08-16T18:19:26","slug":"hyatt-to-acquire-alg-for-2-7-billion","status":"publish","type":"post","link":"https:\/\/turizmpress.com\/en\/hotels\/hyatt-to-acquire-alg-for-2-7-billion\/","title":{"rendered":"Hyatt to acquire ALG for $2.7 billion"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Hyatt has agreed to acquire travel and hospitality group Apple Leisure Group (ALG). The hotel chain will pay $2.7 billion to KKR and KSL Capital Partners, LLC\u202ffor the acquisition.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>ALG portfolio includes many travel brands such as AMResorts, AMR Collection, Secrets Resorts &amp; Spa, Dreams Resorts &amp; Spas, Breathless Resorts &amp; Spas and Zo\u00ebtry Wellness &amp; Spa Resorts, Alua Hotels, Unlimited Vacation Club, ALG Vacations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>The transaction will contribute to Hyatt&#8217;s expansion in Europe and its expected to be completed in the last quarter of the year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Mark Hoplamazian, president and chief executive officer, Hyatt said:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>\u201cThe addition of ALG\u2019s properties will immediately double Hyatt\u2019s global resorts footprint. ALG\u2019s 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.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>ALG\u2019s 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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hyatt has agreed to acquire travel and hospitality group Apple Leisure Group (ALG). The hotel chain will pay $2.7 billion to KKR and KSL Capital Partners, LLC\u202ffor the acquisition. ALG portfolio includes many travel brands such as AMResorts, AMR Collection, Secrets Resorts &amp; Spa, Dreams Resorts &amp; Spas, Breathless Resorts &amp; Spas and Zo\u00ebtry Wellness [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"Hyatt to acquire ALG for $2.7 billion #Hyatt #ALG #hotelnews #hospitalitynews","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[27,3],"tags":[130,144],"class_list":["post-4704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-americas","category-hotels","tag-hospitality","tag-hyatt-hotels"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hyatt to acquire ALG for $2.7 billion - Tourism Press<\/title>\n<meta name=\"description\" content=\"Hyatt has agreed to acquire travel and hospitality group Apple Leisure Group (ALG). The hotel chain will pay $2.7 billion to KKR and KSL Capital Partners, LLC\u202ffor the acquisition.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/turizmpress.com\/en\/hotels\/hyatt-to-acquire-alg-for-2-7-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hyatt to acquire ALG for $2.7 billion - Tourism Press\" \/>\n<meta property=\"og:description\" content=\"Hyatt has agreed to acquire travel and hospitality group Apple Leisure Group (ALG). The hotel chain will pay $2.7 billion to KKR and KSL Capital Partners, LLC\u202ffor the acquisition.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/turizmpress.com\/en\/hotels\/hyatt-to-acquire-alg-for-2-7-billion\/\" \/>\n<meta property=\"og:site_name\" content=\"Tourism Press\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-16T18:19:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-16T18:19:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i2.wp.com\/turizmpress.com\/en\/wp-content\/uploads\/2021\/02\/hyatt_logo.png?fit=640%2C426&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"426\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@turizmpress_EN\" \/>\n<meta name=\"twitter:site\" content=\"@turizmpress_EN\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/hotels\\\/hyatt-to-acquire-alg-for-2-7-billion\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/hotels\\\/hyatt-to-acquire-alg-for-2-7-billion\\\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/#\\\/schema\\\/person\\\/a89583c6a591898bc5829e3bf61c610b\"},\"headline\":\"Hyatt to acquire ALG for $2.7 billion\",\"datePublished\":\"2021-08-16T18:19:23+00:00\",\"dateModified\":\"2021-08-16T18:19:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/hotels\\\/hyatt-to-acquire-alg-for-2-7-billion\\\/\"},\"wordCount\":232,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/hotels\\\/hyatt-to-acquire-alg-for-2-7-billion\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/hyatt_logo.png\",\"keywords\":[\"hospitality\",\"Hyatt Hotels\"],\"articleSection\":[\"Americas\",\"Hotels\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/turizmpress.com\\\/en\\\/hotels\\\/hyatt-to-acquire-alg-for-2-7-billion\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/hotels\\\/hyatt-to-acquire-alg-for-2-7-billion\\\/\",\"url\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/hotels\\\/hyatt-to-acquire-alg-for-2-7-billion\\\/\",\"name\":\"Hyatt to acquire ALG for $2.7 billion - Tourism Press\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/hotels\\\/hyatt-to-acquire-alg-for-2-7-billion\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/hotels\\\/hyatt-to-acquire-alg-for-2-7-billion\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/hyatt_logo.png\",\"datePublished\":\"2021-08-16T18:19:23+00:00\",\"dateModified\":\"2021-08-16T18:19:26+00:00\",\"description\":\"Hyatt has agreed to acquire travel and hospitality group Apple Leisure Group (ALG). 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