Hyatt to buy Apple Leisure Group from KKR and KSL Capital for US$2.7bil


The Hyatt logo is seen on one of its Hotels. - Reuters

NEW YORK: 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 US$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.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

US producer prices unexpectedly fall in June
Jati Tinggi secures two data centre-related contracts totalling RM22.6mil
Sunway MCL consortium submits highest S$2.1bil bid for Singapore Bayshore site
Siti Asiah Ahmad appointed chief statistician
Widad Group appoints Nor Azlan Zainal as group MD, Datuk Tengku Shaifuddin as chairman
Theta Edge appoints Norsyahrin Hamidon as chairman
Fibromat plans private placement to raise RM17.4mil
PBA to buy treated water from Perak under RM24.6bil long-term supply deal
SD Guthrie, Sime Darby Property advance RM798mil Bukit Kerayong industrial project
Ringgit ends flat against US dollar

Others Also Read