Finance & DevelopmentFinanceApple Leisure Group Signs 10 Deals in 10 Months

Apple Leisure Group Signs 10 Deals in 10 Months

PHILADELPHIA—Apple Leisure Group has reported that it has signed 10 resort deals over the last 10 months, growing the company’s resort brand management portfolio by 15 percent in less than one year. This follows a record-breaking 2015 for the company, in which it reported an unprecedented number of signed deals for new resorts, which earned it recognition for being the hotel group with the largest growth in the Caribbean by the Excelencias Group. The announcement was made by Javier Coll, executive vice president and chief strategy officer of Apple Leisure Group.

The company also announced that, through its subsidiary, AMResorts, Apple Leisure Group plans to sign its 100th resort by 2020, with target markets including St. Lucia, Turks and Caicos, and Colombia. “In addition to maintaining our leadership status within Mexico’s and the Caribbean’s luxury leisure travel space, next year we will also explore opportunities to acquire more distribution companies and resort companies if the opportunity is right,” added Coll.

With 14 resorts in the development pipeline, Apple Leisure Group will have 65 open resorts across Mexico; the Caribbean; including Puerto Rico and the Bahamas; Costa Rica; and Panama by 2019.

“The Caribbean and Mexico are a hotbed for development, with STR reporting a more than 12 percent increase in the number of hotels under construction in the region compared to last year,” said Coll. “Combined with the steady demand from travelers, 2017 will present another excellent opportunity for hotel owners seeking to capitalize on the strength of the hospitality industry with a trusted partner, like Apple Leisure Group, that understands the area.”

RELATED ARTICLES

Dreamscape Hospitality Assumes Management of Three Hotels in Houston

HOUSTON, Texas—Dreamscape Hospitality announced that it has assumed management of three hotels in Houston, Texas. "We are excited to deepen our presence in Texas through...

Hilton Announces Plans to Debut Spark by Hilton in Puerto Rico

PONCE, Puerto Rico, and MIAMI, Florida—Hilton announced the signing of Spark by Hilton Ponce, marking the upcoming debut of the brand in the Caribbean...

Wyndham Announces Partnership With Cygnett

DELHI—Wyndham Hotels & Resorts announced a new strategic alliance with Cygnett Hotels & Resorts that will not only introduce its La Quinta by Wyndham...

New Pyramid Global Hospitality COO Continues Focus on Big Data to Benefit Owners

Pyramid Global Hospitality Chief Operating Officer Eric Habermann retired in April following seven years with the company and a nearly 40-year career in hospitality....

Grand Hyatt Kauai Resort & Spa Launches Scholarship Program

Grand Hyatt Kauai Resort & Spa, a 605-room resort, announced the launch of a scholarship program to support the continued education of its colleagues...

Hilton Surpasses 500 Hotels in Florida

MCLEAN, Virginia, and MIAMI, Florida—Hilton announced a major milestone as the company surpassed 500 open hotels across Florida. This growth was fueled in part...