We Believe in Wicked Travel
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…
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…
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…
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,…