The transaction is the latest sign of optimism about a return to vacation travel even as the U.S. economy continues to grapple with the coronavirus pandemic.
Hyatt Hotels Corp. plans to buy resort company Apple Leisure Group from its private-equity owners for $2.7 billion.
The deal for the company, which is owned by KKR & Co. KKR, +0.13% and travel-and-leisure specialist KSL Capital Partners LLC, was announced Sunday after The Wall Street Journal reported it was imminent. Like many travel-related companies, Apple Leisure’s business got clobbered by virus-related lockdowns and travel bans last year, but it has rebounded as restrictions have loosened.
For Chicago-based Hyatt H, -0.50%, one of the world’s biggest hospitality companies, the deal would bolster its already considerable resort-management portfolio and give it one of the biggest U.S. providers of charter flights and vacation packages for travel to Mexico, the Dominican Republic, Jamaica and the Caribbean.
It also would accelerate Hyatt’s transformation, long under way, to a more asset-light business model, focusing on generating an ongoing stream of steady and predictable fees.Afghanistan government collapses as Taliban take Kabul.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Hyatt to buy Apple Leisure Group from KKR and KSL Capital for $2.7 billion - WSJU.S. hotel operator Hyatt Hotels Corp (H.N) plans to buy resort company Apple Leisure Group from its private-equity owner KKR & Co (KKR.N) and travel-and-leisure specialist KSL Capital Partners LLC for $2.7 billion including any debt, the Wall Street Journal reported on Sunday.
Weiterlesen »
Apple hit with $300 million patent verdict after new Optis trialApple Inc owes a $300 million lump sum for infringing wireless standard-essential patents owned by IP management company Optis Wireless Technology and its affiliates, a federal jury in an East Texas federal court said Friday after a four-day trial.
Weiterlesen »
Apple races to temper outcry over child-pornography tracking systemApple Inc. is racing to contain a controversy after an attempt to combat child pornography sparked fears that customers will lose privacy in a place that’s become sacrosanct: their devices.
Weiterlesen »
Apple defends child protection features over privacy concernsApple software chief Craig Federighi said that the new tools do not make Apple's systems and devices less secure or confidential, adding 'the technology is secure, and is expressly designed to preserve user privacy.'
Weiterlesen »
Apple iPhone 13: When It Will Be Revealed, With A Record-Breaking CancellationApple’s next series of iPhones is out soon, and it looks like it will be earlier than the announcement for the iPhone 12 handsets from last year
Weiterlesen »
watchOS 7.6.1: Crucial Apple Watch Update Released With Urgent Security FixesThe latest watchOS update is out, and it’s different from other updates. And you should install it now, Apple insists.
Weiterlesen »