Important Message from Gonzalo del Peón, Group President, AMResorts® Americas & Global Commercial:

On August 15th 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, Gabriel Felip, and I, 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.

To name a few, Hyatt’s global reach supports continued expansion of our presence across a wider geographic footprint. Its commercial engine, loyalty program and direct channels allows us to increase the scale of our services to you and provide our best-in-class offering to an even larger group of your customers around the world.

Specifically, this transaction is expected to:
 

Reinvigorate leisure travel. 

The desire for leisure experiences is strong, and our luxury brands and resort footprint in key destination markets expand offerings available to our guests, positioning us to be the preferred brand for high-end leisure travelers, now and well into the future. All our resort brands, products and positioning are expected to remain the same, and we plan to continue to evolve and improve with the support of Hyatt to be competitive in the market and better serve you so you can better serve our customers.
 

Accelerate our platform for growth.

Hyatt’s global network of developers and operational expertise is expected to further accelerate the growth of our brands and leverage a pipeline of future projects in existing and new resort destinations.

Strengthen resources and relationships. 

We will work to ensure there is no disruption in business for our customers and partners. At the same time, we will begin to explore collaborative opportunities with Hyatt to improve our offerings and positioning and provide you with helpful tools and resources to positively influence traveler decision making.

Expand our footprint. 

This transaction is expected to elevate Hyatt to become one of the leading operators of luxury all-inclusive resorts in the world. Its brand presence in markets where we do not yet have resorts is expected to provide an opportunity to expand our geographic footprint, accelerate the execution of our global pipeline, and bring even more exciting destinations online.

Reinforce our shared values. 

There are many similarities around our culture, mission, vision and values and those of Hyatt. These include Hyatt’s:

• Purpose: We care for people so they can be their best
• Vision: A world of understanding and care
• Mission: To deliver distinctive experiences for our guests
• Values: Respect, integrity, humility, empathy, creativity, and fun are our shared core values

With the agreement signed and the transaction expected to close in the fourth quarter of 2021, the next few months will involve achieving all the regulatory approvals needed, and we will continue to operate and serve our shared guests in the same way we have always done.

Having met Hyatt’s leaders over the recent weeks, our team has been greatly encouraged by their passion for the industry and their commitment to their people. Importantly, Hyatt’s mission to deliver distinctive experiences is also at the core of our DNA. I am excited about the many alignments of this venture, supporting our vision to be the first choice in vacation travel, enriching lives and uniting the world, while staying true to our core values and commitments to you. With you at the top of our minds, we were deliberate in our consideration and have the highest level of confidence that that this is the right decision for the future ahead.