Hyatt to buy resort company Apple Leisure Group for $2.7 billion

Hyatt Hotels Corp. plans to buy resort company Apple Leisure Group from its private-equity owners for $2.7 billion. The deal for the company, which is owned by KKR & Co. KKR, +0.13% and travel-and-leisure specialist KSL Capital Partners LLC, was announced Sunday after The Wall Street Journal reported it was imminent. The transaction is the latest sign of optimism… Continue reading Hyatt to buy resort company Apple Leisure Group for $2.7 billion