Hyatt To Purchase Resort Brand Apple Leisure Group For $2.7 Billion

According to the WSJ Hyatt plans to purchase resort company Apple Leisure Group from private equity groups KKR and KSL Capital for $2.7 billion, including any debt. The deal is expected to be formally announced on Monday. Apple Leisure Group is the parent company of AMResorts (other brands include Apple Vacations, Travel Impressions, Cheap Caribbean, Funjet Vacations, Southwest Vacations, Blue Sky Tours, BeachBound, and United Vacations) and is also the biggest provider of charter flights to the Mexico, the Dominican Republic, Jamaica, and the Caribbean.