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.

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