Briefs: Hyatt sells new shares; big refi for Margaritaville NYC

Hyatt raising equity for Apple Leisure deal: Hyatt Hotels Corp. has launched a public offering of 7 million Class A common stock shares to support the company's pending acquisition of Apple Leisure Group. Underwriters will be granted an over-allotment option to purchase up to an additional 1.05 million shares. Hyatt said it intends to fund more than 80% of US$2.7 billion Apple Leisure deal with a combination of US$1 billon cash on hand and new debt financing, and the remainder with equity financing. Expedia unites loyalty programs: Expedia Group has announced plans to unify its free loyalty programs into one global rewards platform,…
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