Bain Capital has made an investment into resort group AMResorts, along with Apple Vacations and Amstar DMC. Financial terms of the private transaction were not disclosed.
Alex Zozaya, AMResorts’ founding president, will continue to oversee the company while taking on a new role as CEO of the newly established Apple Leisure Group. AMResorts’ executive vice president Gonzalo del Peon has also been appointed president of the hospitality company.
“Bain Capital shares our vision and strongly supports the way we conduct business,” said Zozaya, CEO of Apple Leisure Group,” said Zozaya.
AMResorts has reported “significant” growth over the past year and plans continued expansion of its resort portfolio, comprised of six separate brands with 32 properties and 12,000 rooms including the recent launch of the new Breathless Resorts & Spas. In addition, the company said it anticipates entry into new destinations including Costa Rica and currently has four properties under development: Now Onyx Punta Cana, Secrets Puerto Los Cabos, Dreams Las Mareas Costa Rica, Now Pearl Puerto Vallarta, along with projects in Playa Mujeres and Akumal, Mexico
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