![]() ![]() Membership has grown at a compounded annual growth rate of 18% over the last five years. Is an exclusive travel club whose participants enjoy preferred rates and other benefits at AMR™ Collection properties. 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. ![]() 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.”ĪLG’s hotel portfolio consists of over 33,000 rooms operating in 10 countries. Importantly, the combination of this value-creating acquisition and the , and further accelerate our industry-leading net rooms growth. ALG’s 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 “The addition of ALG’s properties will immediately double Hyatt’s global resorts footprint. ![]() , president and chief executive officer, Hyatt. , we are thrilled to bring a highly desirable independent resort management platform into the Hyatt family,” said Will become a member of Hyatt’s executive leadership team and report to Hyatt CEO Following the completion of the transaction, ALG’s business will continue to be led by current ALG CEO , as well as destination management services and travel technology assets. The acquisition also includes ALG’s membership offering, Hotels & Resorts brand, which is expanding in European leisure destinations. Provides management services to the largest portfolio of luxury all-inclusive resorts in theĬollection brand portfolio, including well-known brands Secrets ![]() The transaction is anticipated to close in the fourth quarter of 2021, subject to customary closing conditions. (ALG), a leading luxury resort-management services, travel and hospitality group, from affiliates of each of (NYSE: H) today announced that Hyatt has entered into a definitive agreement to acquire Hyatt to Discuss Transaction on Webcast Scheduled for Acquisition accelerates asset-light transformation launches Hyatt’s commitment to sell additionalĭoubles Hyatt’s global resorts footprint with accretive net rooms growth over the coming years with global expansion of AMR ![]()
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