Hyatt, Host to Spend $40M on Hawaii’s 1st Hyatt Residence Club

From Pacific Business News
Hyatt, Host to Spend $40M on Hawaii’s 1st Hyatt Residence Club
A joint venture of Hyatt Hotels Corp. and Host Hotels & Resorts plans to spend $40 million to develop Hawaii’s first Hyatt Residence Club on the site of the Hyatt Regency Maui Resort & Spa in Kaanapali.
The 131-unit Hyatt Kaanapali Beach, a Hyatt Residence Club, is expected to open in 2014, Chicago-based Hyatt (NYSE: H) said Tuesday.
Host Hotels and Resorts CEO Ed Walter first told analysts about the project last month. Bethesda, Md.-based Host Hotels and Resorts (NYSE: HST) owns the Hyatt-managed property on Maui. Click here for the full story.

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