The pandemic has done little to curb the hospitality industry’s appetite for all-inclusive expansion, with Hyatt Hotels Corp.’s agreement to acquire Apple Leisure Group (ALG) turning up the heat in an already white-hot sector. The $2.7 billion transaction, which is set to close in the fourth quarter, was the biggest all-inclusive play by a leading…
Tag: luxury
Hyatt to Acquire Apple Leisure Group, Expanding Global Brand Presence in Luxury Leisure Travel | Business
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…
Hyatt is betting on luxury travel with $2.7 billion resorts deal
CNN, CNNBUSINESS, WPIX By Hanna Ziady, CNN Business Hyatt is expanding its reach in luxury resorts, betting that pent-up demand following the pandemic will boost demand for upmarket leisure travel. The US hotel group said in a statement Sunday that it has agreed to buy luxury resorts operator Apple Leisure Group from private equity firms…
Check in for a luxury city escape with Boutique 50
With travel restrictions in place for most of the last year, we’ve all been missing going away for the night and having a change of scenery. But now that our world is opening back up, we can enjoy luxury escapes once again – and Boutique 50 is the perfect place to start. This brand-new hotel,…