Hyatt completed the acquisition of Apple Leisure Group from KKR and KSL Capital for $2.7bn.

Hyatt, a hospitality company, completed the acquisition of Apple Leisure Group, an American travel and hospitality conglomerate, from KKR and KSL Capital, a private equity firm specializing in travel and leisure enterprises, for $2.7bn. “Combining Hyatt’s deep expertise and global brand footprint with ALG’s strong resort brands, operating capabilities and robust development plans will elevate our differentiated position and create a leader in luxury leisure travel,” Alejandro Reynal, Apple Leisure Group CEO.