CNBC reports that Hyatt group has acquired Apple Leisure Group from KKR and KSL Capital Partners, a move which officially moves its revenue projection from leisure above 50%. The decrease in its footprint for business travel reflects a belief that leisure will continue to be the more resilient segment. The $2.7 billion cash deal is expected to close in the fourth quarter of this year, adding roughly 33,000 rooms across 100 hotels to Hyatt’s portfolio.
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