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 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 resort footprint with the addition of ALG's AMR Collection, 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%, according to the company.
Source: Business Travel News