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Apple Leisure Group Signs Agreement to Purchase Majority Share in Alua Hotels & Resorts
North American hospitality leader will now manage 16 properties and more than 4,000 rooms in Spain, and position Alua as its midscale brand
NEWTOWN SQUARE, Pennsylvania Dec. 19, 2018 – Apple Leisure Group (ALG) today announced the signing of an agreement to purchase a majority share in Alua Hotels & Resorts. Following the deal’s closing, the Spanish hotel chain, which was founded in 2015 and whose growth has been one of the fastest in the market over the past few years, will be integrated into ALG's European division.
The transaction will provide ALG with the structure and capacity to manage hotel properties in Europe, and when combined with the strategic agreements the group has already signed, will translate into opportunities for additional growth. Likewise, and following its integration into ALG, Alua will become the American group’s hotel brand of reference for the mid-market sector, both in Europe and globally.
“The addition of Alua Hotels & Resorts to Apple Leisure Group’s portfolio is a true testament to our strong commitment to growing our company footprint in Spain,” said Alex Zozaya, CEO of Apple Leisure Group. “This acquisition is just the beginning of ALG’s European expansion plans and future contributions to the market’s burgeoning tourism sector.”
Under the agreement, ALG will now manage more than 4,000 rooms in Spain: a solid example of its resolute bet on growth in the European market. Thanks to this new contract and to its prior strategic agreements, ALG European division’s strategic plan is aimed primarily at establishing a strong presence in highly popular tourist destinations across the Mediterranean.
Javier Águila, CEO of Alua Hotels & Resorts, will assume the role of President of Apple Leisure Group Europe and will join the Executive Committee of the U.S. based parent company, while Jordi de las Moras will continue as Managing Director of the European division.
Javier Coll, Executive Vice President and Chief Strategy Officer of Apple Leisure Group, who is responsible for the company’s business operations in Europe, said: “With this agreement, we take another step in our international growth strategy. Acquiring Alua Hotels & Resorts allows us to expand on the strategic agreement that we already have with Hesperia by giving us the ability to offer not only sales and branding services, but also operations management to both owners and investors, as we already do in the Americas. At the same time, we are adding a brand in a strategic segment for us, which we will work to grow in both the Americas and Europe.”
In turn, Javier Águila stated that “this transaction represents the best possible close to Alua’s first chapter, and recognizes the excellent work done by our team, who have been a part of this journey since the brand was just an idea. We are tremendously enthusiastic about the opportunity to be part of a leading group in the sector, such as Apple Leisure Group, and become the platform to materialize their ambitious expansion plan in the European market. Without a doubt, the experience and leadership of ALG in the areas of distribution, brand development, and luxury resort brand management, together with the structure and work team of Alua, will give us a competitive advantage in reaching our strategic goals at both the national and global level.”
About Apple Leisure Group
Apple Leisure Group® (ALG) is the leading North American travel, hospitality and leisure management group with the only vertically-integrated business model, serving travelers and destinations worldwide. ALG consistently delivers exceptional value to travelers and strong performance to resort owners and partners by strategically leveraging the power of its portfolio of brands across five segments, comprising: the largest seller of vacation packages and charter flights in the U.S. for travel to Mexico and the Caribbean, moving approximately 3.2 million passengers annually through the well-established vacation brands Apple Vacations ®, BeachBound®, Funway Holidays®, Travel Impressions®, CheapCaribbean.com®,, Blue Sky Tours®, Southwest Vacations®, Funjet Vacations®, and United Vacations®; brand management of 5-star and 4-star luxury resorts through AMResorts® award-winning brand portfolio including Zoëtry® Wellness & Spas Resorts, Secrets® Resorts & Spas, Breathless Resorts & Spas®, Dreams® Resorts & Spas, Now Resorts & Spas®, Reflect Resorts & Spas®, and Sunscape® Resorts & Spas; best-in-class destination management services provided by Amstar DMC and Worldstar®, the exclusive loyalty program Unlimited Vacation Club®; and the innovative technology solutions provider Trisept Solutions®, connecting over 88,000 travel agents with leading travel suppliers. To learn more about the Apple Leisure Group advantage, visit appleleisuregroup.com.
About Alua Hotels & Resorts
Alua Hotels & Resorts is a hotel group launched in 2015 by a group of experienced hospitality executives and, during its first stage, by the European private equity firm Alchemy Partners. In just three years, the company has become a benchmark in the medium-high segment and manages a portfolio of twelve hotels and 3,000 rooms in the Balearic and the Canary Islands, owned by top-tier institutional investors such as KKR, Blackstone and HI Partners.