{"id":135126,"date":"2021-08-16T14:58:56","date_gmt":"2021-08-16T06:58:56","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=135126"},"modified":"2021-08-16T14:58:56","modified_gmt":"2021-08-16T06:58:56","slug":"hyatt-to-acquire-apple-leisure-group-expanding-global-brand-presence-in-luxury-leisure-travel","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=135126","title":{"rendered":"Hyatt To Acquire Apple Leisure Group, Expanding Global Brand Presence In Luxury Leisure Travel"},"content":{"rendered":"\n<p><strong>Hyatt to Acquire Apple Leisure Group, Expanding Global Brand Presence in Luxury Leisure Travel<br><br>Acquisition accelerates asset-light transformation; launches Hyatt\u2019s commitment to sell additional $2 billion of hotel assets by the end of 2024\u00a0<br><br>Doubles Hyatt\u2019s global resorts footprint with accretive net rooms growth over the coming years with global expansion of\u00a0AMR<sup>\u2122<\/sup>\u00a0Collection brands like Secrets<sup>\u00ae<\/sup>, Dreams<sup>\u00ae<\/sup>\u00a0and Zo\u00ebtry<sup>\u00ae<\/sup><br><br>Hyatt to Discuss Transaction on Webcast Scheduled for Monday, August 16 at 7:30 a.m. CDT\u00a0<\/strong><br><strong>CHICAGO, Aug 16 (Bernama-BUSINESS WIRE) &#8212;\u00a0<\/strong><a href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.hyatt.com%2F&amp;esheet=52477087&amp;newsitemid=20210815005011&amp;lan=en-US&amp;anchor=Hyatt+Hotels+Corporation&amp;index=1&amp;md5=190a9e706d29288837e81e0ad364faf7\">Hyatt Hotels Corporation<\/a>\u00a0(NYSE: H) today announced that Hyatt has entered into a definitive agreement to acquire\u00a0<a href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.appleleisuregroup.com%2F&amp;esheet=52477087&amp;newsitemid=20210815005011&amp;lan=en-US&amp;anchor=Apple+Leisure+Group&amp;index=2&amp;md5=43e63fe61016a773858fc007363e0096\">Apple Leisure Group<\/a>\u00a0(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 close in the fourth quarter of 2021, subject to customary closing conditions.\u00a0<\/p>\n\n\n\n<p><a href=\"http:\/\/mrem.bernama.com\/viewsm.php?idm=40770\">http:\/\/mrem.bernama.com\/viewsm.php?idm=40770<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hyatt to Acquire Apple Leisure Group, Expanding Global Brand Presence in Luxury Leisure Travel Acquisition accelerates asset-light transformation; launches Hyatt\u2019s commitment to sell additional $2 billion of hotel assets by the end of 2024\u00a0 Doubles Hyatt\u2019s global resorts footprint with accretive net rooms growth over the coming years with global expansion of\u00a0AMR\u2122\u00a0Collection brands like Secrets\u00ae, [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[315],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/135126"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=135126"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/135126\/revisions"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=135126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=135126"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=135126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}