Hyatt to acquire apple leisure group, expanding global brand presence in luxury leisure travel

Chicago--(business wire)--hyatt hotels corporation (nyse: h) today 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 closing conditions. alg's resort brand management platform amresorts® provides
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