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.
Was this article helpful?
%
%
Thanks for your feedback!
We're happy to hear that! Please tell us more.
Sorry about that. Could you tell us why?
