(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.
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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