Apple Leisure Group and Mark Travel have signed a definitive agreement to join forces to create an integrated leisure travel and technology solutions company.
The combined company will continue to operate the collection of brands offered by both Apple Leisure Group, Mark Travel and Trisept Solutions, and maintain principal executive offices in Newtown Square, PA, and Milwaukee, WI.
Apple Leisure Group distribution businesses, including Apple Vacations, Cheap Caribbean and Travel Impressions, is set to benefit from the integration of leading-edge technology for travel merchandising and distribution solutions. Mark Travel’s tour businesses will also gain access to 52 high-end resorts and spas operating under the Zoëtry, Secrets, Dreams, Breathless, Now and Sunscape brands.
“In an intensely competitive industry, our combined company will be well-positioned to provide great value for consumers and customers while continuing to serve the needs of our partners across the travel industry,” said Alex Zozaya, who will lead the combined company as CEO, in a press release statement. “This strategic combination will leverage the complementary strengths of both companies to provide new and enhanced products and solutions to our customers and partners.
The transaction is expected to close in the second quarter of 2018. For more information on Mark Travel, visit marktravel.com; for more information on Apple Leisure Group, visit appleleisuregroup.com.