Sale of Maui hotel finalized

Advertiser Staff

Host Marriott Corp. last week completed its purchase of the Hyatt Regency Maui Resort and Spa for $321 million in cash.

The hotel real estate investment trust last month announced an agreement to buy the 806-room hotel on Ka'anapali Beach from Blackstone Real Estate Advisors, a unit of buyout firm Blackstone Group LP.

Hyatt will continue to manage the hotel, the first in Hawai'i for Host Marriott.