08:52 AM EDT, 07/16/2024 (MT Newswires) -- Apollo Global Management ( APO ) and The Travel Corp. said Tuesday they have signed a definitive deal for funds managed by Apollo to acquire 18 of the hotel and travel company's brands.

Financial terms were not disclosed.

The companies said the deal involves 18 brands, including Trafalgar, Uniworld Boutique River Cruises, and Contiki, but excludes other brands like The Red Carnation Hotel Collection.

The deal is set to close in Q4 subject to regulatory approval, the companies said in a joint statement.

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