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ALGL American Leis

29.00
0.00 (0.00%)
21 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
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
  0.00 0.00% 29.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Strategic Alliance

07/12/2007 8:00am

UK Regulatory


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

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