Today it was announced that affiliates of Hyatt Hotels Corporation entered into a definitive agreement to acquire Apple Leisure Group® (ALG), including AMResorts®. The acquisition is expected to close in the fourth quarter of 2021.
The existing AMR executive team, including Group President, AMResorts® Global Operations and Gabriel Felip are expected to remain in place and lead our business as a distinct operating unit of Hyatt.
Hyatt and AMR will benefit from each other's strengths. Being a part of the Hyatt family will enable us to augment our strategic priorities through multiple levers.
I WROTE THIS BEFORE I LEFT