Hyatt Hotels has confirmed it will buy Apple Leisure Group from current owners KKR and KSL Capital Partners for $2.7 billion in cash. The deal will close toward the end of the year.
Melissa Tilling has revealed she will step down from her role as managing director of Funway Holidays after 11 years with the company. The company is owned by Apple Leisure Group Vacations.
Bain Capital has completed an equity investment in Apple Leisure Group, the company that includes Apple Vacations, AMResorts and Amstar DMC. The private investment firm, which gained notoriety when founder Mitt Romney stood for the Republican party during the 2012 American presidential race, did not reveal the value or equity share of the investment.
Apple Vacations is recognising several environmentally friendly hotels & resorts in Mexico, the Caribbean, Hawaii and Costa Rica in honor of Earth Day on Sun. April 22. Apple Vacations’ Go Green hotel partners have implemented a variety of eco-conscious initiatives in the day-to-day operations of their resorts.