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Hyatt to buy Apple Leisure Group from KKR and KSL Capital for $2.7 billion












Hyatt to buy Apple Leisure Group from KKR and KSL Capital for $2.7 billion – WSJ











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(Reuters) – U.S. hotel operator Hyatt Hotels Corp plans to buy resort company Apple Leisure Group from its private-equity owner KKR & Co and travel-and-leisure specialist KSL Capital Partners LLC for $2.7 billion including any debt, the Wall Street Journal reported https://on.wsj.com/3yUKVFe on Sunday.



a sign on the side of a building: The exterior of the Grand Hyatt hotel is pictured during the dusk, following the coronavirus disease (COVID-19) outbreak, in Jakarta


© Reuters/Willy Kurniawan
The exterior of the Grand Hyatt hotel is pictured during the dusk, following the coronavirus disease (COVID-19) outbreak, in Jakarta

The deal is expected to be announced on Monday, the report said, citing people familiar with the matter.

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Hyatt Hotels and Apple Leisure, KKR and KSL did not immediately respond to Reuters’ requests for comment.

In 2017, KKR and KSL bought the Pennsylvania-based resort operator from Bain Capital for an undisclosed price.

(Reporting by Akriti Sharma in Bengaluru; Editing by Chizu Nomiyama)

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