Hyatt Hotels Corporation has announced that Hyatt has completed the previously announced acquisition of Apple Leisure Group® (ALG), a luxury resort-management services, travel and hospitality group, from affiliates of each of KKR and KSL Capital Partners, LLC. According to a statement, “through this acquisition, Hyatt has added properties in 11 new European markets and expanded…
Tag: Apple Leisure Group
Hyatt announces acquisition of Apple Leisure Group
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•Hyatt Hotels Corporation announced that Hyatt has entered into a definitive agreement to acquire Apple Leisure Group (ALG), a leading luxury resort-management services, travel and hospitality group, from affiliates of each of KKR and KSL Capital Partners, LLC for $2.7 billion in cash. The transaction is anticipated to close in the fourth quarter of 2021, subject to customary…