Hyatt bites Apple

hYaTT today announced the US$2.7 billion acquisition of US-based Apple Leisure Group, which operates a range of hospitality assets across the globe comprising over 33,000 rooms under the AMResorts banner.

About 100 properties are covered by the “asset-light” deal under brands including Secrets Resorts & Spa, Dreams Resorts & Spas, Zoetry and Breathless, as well as European leisure operation Alua.