EconomyFinancialAMResorts will add 14 hotels and two destinations to...

AMResorts will add 14 hotels and two destinations to its portfolio

Acapulco Guerrero. The all-inclusive hotel company AMResorts will add 14 new hotels to its portfolio, with which it will operate more than 115 complexes that will concentrate around 35,000 rooms in 40 countries, distributed in the Latin American region, the Caribbean and Europe.

Gonzalo del Peón, president of AMResorts, said that the expansion is part of the growth strategy of its new parent company, the US chain Hyatt, which in August 2021 closed the acquisition of the holding company Apple Leisure Group in a transaction valued at 2.7 billion euros. dollars, and that included the chain of resorts.

“Fortunately Hyatt was interested in us not only because of our assets, but also because of the business model and talent that we have,” said Del Peón at a press conference during the 46th edition of the Tianguis Turístico. “They recognized that we must continue to run our business independently, but with access to Hyatt resources.”

The purchase of AMResorts at the time included the company’s six brands and 102 resorts in 10 countries, including Mexico, which for Hyatt was the second fastest growing market with the transaction behind only Spain.

The acquisition included the purchase of 24 comofars that AMResorts had in development at the time, representing around 25% of the existing portfolio, as well as more than 40 deals that were in advanced stages of negotiation.

By 2023, Hyatt expects AMResorts to generate $2.3 billion in revenue.

Among the openings that the company has for this year, is a Secrets Impression Moxché complex, in the luxury all-inclusive category, with 198 suites that it plans to open in October 2022; Dreams Cozumel Cape Resort & Spa, with 154 suites, which will open in September 2022; and Secrets Impression Isla Mujeres, a 125-suite resort scheduled to open in December 2022.

In addition, in December 2022 a Zoetry Marigot Bay St. Lucia complex will be inaugurated, the first of the chain on the Caribbean island, with 124 rooms and suites, while by the end of the same year it plans to launch a Dreams Flora Resort & Spa complex in Punta Cana, Dominican Republic.

For the Dreams and Secrets brands, Del Peón stated that the average investment amount per room ranges between 200,000 and 300,000 dollars.

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