Market Overview

Hyatt Announces JV with Host Hotels for Hawaiian Club

Share:
Related H
Benzinga's Top Downgrades
Time To Sell Lodging Stocks? Morgan Stanley Downgrades En Masse
The Vetr community has downgraded $H to 4-Stars (Vetr)
Related HST
Earnings Scheduled For April 29, 2016
Top Performing Industries For March 14, 2016
Host Hotels & Resorts beats by $0.03, misses on revenue (Seeking Alpha)

Hyatt Hotels Corporation (NYSE: H) announced today that an affiliate of the company has formed a joint venture with an affiliate of Host Hotels & Resorts, Inc. to develop and operate a 131-unit Hyatt Residence Club resort in Maui, Hawaii on Ka'anapali Beach. A Hyatt affiliate will invest approximately $40 million in the vacation ownership property. Expected to open in 2014, Hyatt Ka'anapali Beach, a Hyatt Residence Club will be the first Hyatt Residence Club property in Hawaii, and will join 15 other Hyatt Residence Clubs throughout the United States and Puerto Rico.

Posted-In: News

 

Related Articles (HST + H)

View Comments and Join the Discussion!