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Real Estate - AUGUST 16, 2021

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Hyatt to acquire Apple Leisure Group in $2.7b deal

by Andrea Zander

Hyatt Hotels Corp. has entered into a definitive agreement to acquire Apple Leisure Group, a 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. The acquisition will expand Hyatt’s presence in luxury leisure travel and immediately add approximately 100 hotels and a pipeline of 24 executed deals in Europe and the Americas to its portfolio.

ALG’s hotel portfolio consists of more than 33,000 rooms operating in 10 countries. The AMR Collection brand portfolio includes well-known brands Secrets Resorts & Spa, Dreams Resorts & Spas, Breathless Resorts & Spas and Zoëtry Wellness & Spa Resorts as well as the fast-growing Alua Hotels & Resorts brand, which is expanding in European leisure destinations. The acquisition also includes ALG’s membe

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