From Private Equity Hands to Hyatt Hotels, Apple Leisure Group Finds a Home
Posted on 08/16/2021
Apple Leisure Group is a U.S. travel and hospitality conglomerate focused on packaged travel and resort/brand management in Mexico, the Caribbean, Hispanic America, Europe, and the Middle East. It is the parent corporation of resort and brand management company AMResorts. Apple Leisure Group is a seller of all-inclusive vacation packages.
Chicago-based Hyatt Hotels Corporation plans to acquire Apple Leisure Group from KKR & Co. and KSL Capital Partners LLC for US$ 2.7 billion.
KKR and KSL Capital Partners bought Apple Leisure Group from Bain Capital Private Equity in December 2016. Bain Capital acquired a majority stake in Apple Leisure Group in late 2012.
