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Hyatt Confirmed it Will Acquire Apple Leisure Group for $2.7B in Cash

Hyatt Hotels Corporation (NYSE: H) today announced that Hyatt has entered into a definitive agreement to acquire Apple Leisure Group (ALG), a leading leisure travel and resort brand management company and top-ten operator of luxury hotels, from affiliates of each of KKR and KSL Capital Partners, LLC for $2.7 billion in cash. The t

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