CHICAGO–(BUSINESS WIRE)–Aug 15, 2021– 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…
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Hyatt Hotels acquires Apple Leisure Group
Amid concerns about the spread of the highly-contagious delta variant, Hyatt Hotels is expanding its luxury hotels and resorts by acquiring Apple Leisure Group from KKR and KSL Capital Partners. The company is placing a bet on leisure travel, pushing its revenues from the segment over the 50% mark, from 45%, with business travel making…
IBI Group Awarded Operations Services Contract for City of
TORONTO, Aug. 06, 2021 (GLOBE NEWSWIRE) — IBI Group (TSX:IBG) has been selected by the City of Toronto to operate the Road Emergency Services Communications Unit (RESCU) Traffic Operations Centre (TOC) for a period of up to five years. In addition to operations, the firm will provide professional services and traffic management solutions, enhancing the…
Shipping group Maersk continues shopping spree after strong earnings
COPENHAGEN, Aug 6 (Reuters) – Maersk (MAERSKb.CO) announced it had bought two e-commerce companies on Friday and said more acquisitions were coming soon as the world’s biggest container shipping line boosts its bet on land-based services. Maersk, which handles one in five containers shipped worldwide, aims to expand its land-based logistics services, hoping to gain…