According to the WSJ Hyatt plans to purchase resort company Apple Leisure Group from private equity groups KKR and KSL Capital for $2.7 billion, including any debt. The deal is expected to be formally announced on Monday. Apple Leisure Group is the parent company of AMResorts (other brands include Apple Vacations, Travel Impressions, Cheap Caribbean, Funjet Vacations, Southwest Vacations, Blue Sky Tours, BeachBound, and United Vacations) and is also the biggest provider of charter flights to the Mexico, the Dominican Republic, Jamaica, and the Caribbean.
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[Targeted] AmEx Offer: Hyatt Secrets Resorts, Spend $750+ & Receive $200 Statement Credit
AmEx Offers: Save 10% On Expedia.com Prepaid Hotel Bookings
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Wait a second, Hyatt partners with American Airlines (https://www.doctorofcredit.com/american-airlines-hyatt-announce-new-partnership/), not Southwest or United, but they’re buying a company which partners with Southwest and United but not American?
For anyone wondering, AMResorts owns Secrets, Dreams, etc, higher end all-inclusives. If they fold into the Hyatt portfolio I’d expect Miraval level pricing, if not higher.
I disagree with Miraval level pricing for awards (I’m assuming that’s what you’re talking about as cash pricing is readily searchable today). Zilara and Ziva are currently 20-25k/night, and the Hyatt Ziva Cancun is better than pretty much any Dreams/Now property.
I would expect Secrets to go for 25-30k for most of their properties (maybe even as low as 20k for Cozumel), Dreams/Now 20-25k, Zoetry 30-40k, and Sunscape could even see a couple properties at 15k, if they end up putting them into Hyatt as-is (I personally would expect them to either be spun off or renovated into a Dreams/Now level property before they are available on WoH).
Looking forward to a bunch of new all-inclusives to spend my points on.
Yeah I hear you. The only problem I see is the inevitable point devaluation that will follow shortly thereafter.
If anything, I’d expect the opposite – right now there are a ton of people wanting to spend points at Ziva/Zilara. Playa had a preso a couple weeks ago that mentioned Ziva/Zilara have the highest share of redemption room nights of all the Hyatt brands (I think redemptions as a percentage of rooms available in each brand), and there are about 10 hotels total across both. Now it is something like 80 with a similar pool of members trying to book them. Hyatt members looking to book an all-inclusive in the Cancun/Riviera Maya went from having 2 options to more than 20. I can’t imagine this will cause 10x the number of people to book these resorts on points.
True, but also many more people will become hyatt loyalists as a result, which will increase the 1in10 ratio to somethign much higher
This is good news for us Globalists.
You haven’t been to a residence club have you… Lol