Newtown Square-based Apple Leisure Group, the resort and hospitality company with more than 60 properties globally, is putting its main focus on European expansion in 2019, writes Kenneth Hilario for the Philadelphia Business Journal.
At the end of last year, the company had more than 22,000 rooms in 11 locations in its portfolio, including Mexico, Panama, and Puerto Rico. It agreed to acquire a majority share in a Spanish hotel chain, Alua Hotels & Resorts, in December.
The purchase adds 12 hotels to ALG’s portfolio and provides it with the opportunity to manage properties in Europe.
Javier Águila, the founder and CEO of Alua, is now president of Apple Leisure Group Europe. He is working under ALG’s vice president and chief strategy officer, Javier Coll, who is responsible for business operations in Europe. The pair will work together to adapt the brands of the AMResorts subsidiary to the European market.
Currently, there are four resorts planned for Spain that will add a minimum of 4,000 rooms to ALG’s portfolio. Another is planned to open in either Turkey or Greece later this year.
Read more about Apple Leisure Group in the Philadelphia Business Journal by clicking here.