Hyatt to buy resort manager Apple Leisure for $2.7 billion

CHICAGO (AP) — Hyatt Hotels will buy resort-management company Apple Leisure Group from two private equity firms for $2.7 billion. Apple Leisure manages about 100 resorts with more than 33,000 rooms in 10 countries. The acquisition will double Hyatt’s presence in the resort business, the company said. Travel has surged this year with the arrival… Continue reading Hyatt to buy resort manager Apple Leisure for $2.7 billion

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

The exterior of the Grand Hyatt hotel is pictured during the dusk, following the coronavirus disease (COVID-19) outbreak, in Jakarta, Indonesia, June 25, 2020. Picture taken June 25, 2020. REUTERS/Willy Kurniawan Aug 15 (Reuters) – U.S. hotel operator Hyatt Hotels Corp (H.N) said on Sunday it entered a  deal to buy resort company Apple Leisure… Continue reading Hyatt to buy Apple Leisure Group from KKR, KSL Capital for $2.7 billion

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

Hyatt to buy resorts operator Apple Leisure Group for $2.7bn

Travel & leisure industry updates Sign up to myFT Daily Digest to be the first to know about Travel & leisure industry news. Hyatt, the US hotel group, has agreed to buy the private equity backed resorts operator Apple Leisure Group for $2.7bn, expanding its reach in the fast recovering leisure travel market. Apple Leisure,… Continue reading Hyatt to buy resorts operator Apple Leisure Group for $2.7bn

Hyatt Plans to Buy Apple Leisure Group From KKR and KSL Capital for $2.7 Billion

Hyatt Hotels Corp. plans to buy resort company Apple Leisure Group from its private-equity owners for $2.7 billion including any debt, according to people familiar with the matter. A deal for the company, which is owned by KKR & Co. and travel-and-leisure specialist KSL Capital Partners LLC, could be announced Monday. The transaction is the… Continue reading Hyatt Plans to Buy Apple Leisure Group From KKR and KSL Capital for $2.7 Billion