Hyatt acquires Apple Leisure Group
Hyatt Hotels Corporation announced that it has entered into a final agreement to acquire Apple Leisure Group (ALG), a leading luxury resort management, travel and hospitality group, for 2.7 billion USD in cash. The deal is expected to close in the fourth quarter of 2021, the company told MTI.
The acquisition will accelerate the transformation into a less asset-intensive company, and the first step is in line with Hyatt’s commitment to sell 2 billion USD worth of hotels by the end of 2024.
Hyatt President and CEO Mark Hoplamazian said in a statement: The acquisition of ALG properties will double Hyatt’s global resort footprint. (MTI)
Related news
The capital’s spas welcome the public with film screenings and late-night opening hours in the summer
With the start of the school summer break, Budapest’s spas…
Read more >
NGM: tourism continues to boom – more than 1.7 million tourists arrived at domestic accommodations in May
The government is constantly working to attract more and more…
Read more >
NAV has published information regarding travel luggage
The National Tax and Customs Administration (NAV) has published a…
Read more >
More related news >
Related news
The capital’s spas welcome the public with film screenings and late-night opening hours in the summer
With the start of the school summer break, Budapest’s spas…
Read more >
Confectioner Trade Day 2025
On 5 May the Hungarian Confectioners’ Craft Union (MCI) held…
Read more >
NAV has published information regarding travel luggage
The National Tax and Customs Administration (NAV) has published a…
Read more >
