Hyatt to Acquire Apple Leisure Group and Expand Its Brand Presence in Luxury Leisure Travel
Monday, August 16, 2021
Just today, Hyatt announced that it has entered into a definitive agreement to acquire Apple Leisure Group, a top-rated luxury resort-management service, travel, and hospitality group. This agreement came from affiliates of each of KKR and KSL Capital Partners, LLC for $2.7 billion in cash. The transaction is expected to close in the fourth quarter of 2021.
