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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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American Leis | LSE:ALGL | London | Ordinary Share | VGG0294N1078 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 29.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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0 | 0 | N/A | 0 |
RNS Number:4182J American Leisure Group Limited 07 December 2007 7 December 2007 American Leisure Group Limited ("ALG" or "the Company") Strategic Alliance with Carlson Leisure Group American Leisure Group Limited (AIM:ALGL), "The vacation resort company", today announces a strategic alliance with Carlson Leisure Group ("CLG") that will designate ALG a preferred family destination resort provider for the 1,700 owned and franchised travel agencies that fall within CLG's portfolio of businesses. The alliance will enable travel agencies affiliated with CLG to take advantage of the growing year-round demand for world-class, family-oriented resorts in the world's leading vacation destination, Central Florida. The alliance will focus primarily on strategic marketing opportunities for family destination resorts in that region upon the 2008 opening of ALG's Sonesta Resort Orlando, Tierra del Sol. CLG is one of the major operating groups of Carlson Companies, Inc., one of the world's largest privately held corporations and a global leader in the travel and hospitality industry that includes Regent (R) International Hotels, Regent Seven Seas Cruises(R), Radisson Hotels & Resorts(R), T.G.I. Friday's(R) and more. CLG serves millions of travellers each year through brands including: Carlson Wagonlit Travel Associates, Cruise Holidays, Results! Travel(R), SeaMaster Cruises(R), All Aboard Travel, SinglesCruise.com(R), Partners in Travel, Luxury Travel Network, Cruise Specialists, Fly4Less.com, CruiseDeals.com, DazzleTravel.com, Carlson Destination Marketing Services and Carlson Leisure Travel Services. Commenting on the alliance, Michael Batt, President and CEO of Carlson Leisure Group, said: "With Orlando perennially ranking as one of the top two domestic leisure destinations that our network of agencies book, our alliance with ALG's expertise provides both companies with opportunities to maximise the potential for large-scale family resort utilization near the major theme park region. Our partnership with ALG opens the doors to many more options we can provide our customers." Malcolm Wright, Chief Executive Officer of ALG, said, "With this synergistic alliance with Carlson, we are poised to enhance the utilization of our resorts and to advance our ongoing development activities with greater speed. Carlson complements and enhances our internal marketing reach in an ideal way and the alliance we have formed moves us further toward realizing the greatest possible success with our resort-based business interests." - Ends - For further information: American Leisure Group Limited Fred Pauzar, Director of Corp. Development Tel: +44 (0) 7866 066 669 Malcolm Wright, Chief Executive Officer : +44 (0) 20 7398 7700 www.americanleisuregroupltd.com Media enquiries: Abchurch Henry Harrison-Topham / Gareth Mead Tel: +44 (0) 20 7398 7700 gareth.mead@abchurch-group.com www.abchurch-group.com Notes to Editors American Leisure Group Limited is a vacation resort group currently developing 121 acres of land, with a programme to develop its further 395 acre landbank in three main locations, all in close proximity to the theme parks of Orlando, Florida. Independently valued at US$625 million gross, this land is all within 12 miles of key attractions in what is regarded as "the vacation capital of the world". In aggregate, over 7,000 resort units are planned by the Group to be developed on these sites. The finished resorts will have a range of leisure facilities and will be able to cater for a potential 300,000 families each year. ALG has already entered into contracts with purchasers and has received deposits for pre-sales of those units which have a total sales price of more than US$300 million. ALG provides a fully integrated approach to the development, selling and financing of vacation packages, from the initial construction of resorts, to the financing of unit sales or vacation club memberships through to the management of the resorts as well as international travel services. The global vacation ownership industry is one of the fastest growing segments in the hospitality industry, with a 15 year compound annual growth rate of nearly 10%. This strong trend is expected to continue as vacation ownership penetration in US households remains under five percent and demographic factors and travel and hospitality demand continue to drive industry growth. For more information, please visit www.americanleisuregroupltd.com. About Carlson Leisure Group CLG is one of the major operating groups within the Carlson family of businesses, a global leader in the travel and hospitality industry that includes Regent(R) International Hotels, Regent Seven Seas Cruises(R), Radisson Hotels & Resorts(R), T.G.I. Friday's(R) and more. In 2007, for the eleventh consecutive year, a Carlson Travel Franchise Group brand was named the top travel business franchise by Entrepreneur's Franchise 500(R); Franchise Times ranked the Carlson Wagonlit Travel Associate Program as the 3rd top franchise overall in 2007 for the seventh year in a row. This information is provided by RNS The company news service from the London Stock Exchange END MSCUUGCCPUPMUMM
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