Mon. Oct 18th, 2021

© Reuters. FILE PHOTO: The exterior of the Grand Hyatt Hotel is shown at dusk, after the outbreak of coronavirus disease (COVID-19), in Jakarta, Indonesia, on June 25, 2020. Image taken on June 25 of 2020. REUTERS / Willy Kurniawan

(Reuters) – US hotel operator Hyatt Hotels (NYSE 🙂 Corp. plans to buy Apple (NASDAQ 🙂 Leisure Group from its privately owned owner KKR & Co (NYSE 🙂 and travel specialist leisure KSL Capital Partners LLC for $ 2.7 billion, including debt, the Wall Street Journal reported Sunday.

The deal is expected to be announced Monday, according to the report, which cites people familiar with the matter.

Hyatt Hotels and Apple Leisure, KKR and KSL did not immediately respond to Reuters’ requests for comment.

In 2017, KKR and KSL bought the Pennsylvania-based resort operator from Bain Capital for an undisclosed price.

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