Hyatt to acquire Apple Leisure Group for $2.7 billion
US-hotel giant Hyatt has agreed to acquire luxury resorts operator Apple Leisure Group for $2.7 billion. Apple Leisure, owner of the Secrets, Dreams, Breathless, Zoëtry and Sunscape resort brands, will greatly increase Hyatt’s share of the luxury resorts market as the global tourism industry emerges from the pandemic. Currently owned by US private equity groups KKR and KSL Capital Partners, who acquired the group from Bain Capital in 2016, Apple Leisure operates around 100 luxury resorts with 30,000 hotel rooms concentrated in all-inclusive properties in Mexico, the Caribbean and Europe, as well as a tour operations business.
