Pandemic? No Stopping Greece s Super-Luxury Hotel, Resort Growth
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Hotel Investment Partners: Acquisition of a hotel unit in Greece
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The Secrets Riviera Cancun opened in Mexico last year. Photo credit: Secrets Riviera Cancun
AMResorts, a subsidiary of Apple Leisure Group, closed 2020 with 69 hotels and a development pipeline of 59 properties in its branded portfolio across Mexico, the Caribbean and Europe. Due to AMResorts’ brands expansion in Europe, including entry into Greece and the significant growth of its portfolio in Spain, during 2020 the company achieved an 85 percent increase in room inventory.
Currently, the AMResorts development pipeline includes 22 new-builds and 37 conversions. Upon completion, the company will be on track to reach its goal of 103 branded properties by the end of 2021.
“Our business model has proven to resonate with owners and investors in Europe, leading to our rapid yet steady growth in that region,” said Javier Coll, the group’s president for global business development. “Despite the challenges of the past year, we are optimistic about the opportunities to cont