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Reuters reported. The move comes two days after private equity firm Apollo Global Management LLC (NYSE: APO) agreed to acquire for $2.2 billion and take private ALG’s rival, Diamond Resorts International Inc. (NYSE: DRII), a timeshare company headquartered in Las Vegas, Nevada, with a network of more than 420 vacation destinations. ALG, based in Newton Square, Pennsylvania, is America’s top seller of all-inclusive vacation packages, and #1 in leisure travel to Mexico, the Dominican Republic and Jamaica worldwide, the company says. ALG is the parent company of resort and brand management company AMResorts and its loyalty program, Unlimited Vacation Club. ALG also oversees tour operators Apple Vacations and Travel Impressions, online travel agency, as well as destination management companies (DMC) AMStar and Worldstar. In 2001, current ALG CEO Alejandro Zozaya, founded resort sales, marketing, and brand management company, AMResorts. A decade later, he led the effort to form Apple Leisure Group by making tour operator, Apple Vacations, a sister company of AMResorts. “More and more travelers are seeking a boutique resort experience where they can enjoy the comfort of the all-inclusive model in spectacular, yet, secluded settings,” said Zozaya. Bain Capital acquired a majority stake in ALG in late 2012, which then acquired online leisure wholesaler CheapCaribbean and B2B tour operator Travel Impressions from American Express, in 2013. Just a few days ago, ALG’s subsidiary AMResorts announced its latest resort brand management deal for 2016 with the signing of Zoëtry Chamela Costalegre Mexico. Located just 90 miles south of Puerto Vallarta, the 120-room new-build will be the first resort under AMResorts’ brand management in the high-end vacation destination of Chamela Bay, Mexico. “Mexico remains a key component of Apple Leisure Group’s growth strategy. As a result, our distribution to new destinations in the country continues to thrive,” said Javier Coll, executive vice president and chief strategy officer of ALG. “The variety of unique experiences provided through our vertically integrated family of travel companies allows hotel owners and developers to connect with a vast array of leisure travelers while maintaining the high level of quality and service synonymous with AMResorts’ six sophisticated resort brands.” Bain Capital is one of the world’s foremost private investment firms, with approximately $75 billion under management across several asset classes including private equity, venture capital, public equity and credit products. Founded in 1984, the firm’s more than 400 professionals are collectively the single largest investor in all of its funds. The firm has offices in Boston, New York, Chicago, San Francisco, Palo Alto, London, Munich, Dublin, Tokyo, Shanghai, Hong Kong, Mumbai and Melbourne.]]>