PRNewswire-FirstCall BETHESDA, Md. Nov. 13 :
Host Marriott Corporation today announced the closing on the acquisition
of the 806-room Hyatt Regency Maui Resort and Spa under an agreement
previously announced by Host Marriott Corporation on October 14, 2003. The
purchase price was $321 million or $398,000 per room. The seller is an
affiliate of Blackstone Real Estate Advisors.
Host Marriott is a Fortune 500 lodging real estate Company, which owns 121
upscale and luxury full-service hotel properties primarily operated under
Marriott, Ritz-Carlton, Four Seasons, Hyatt and Hilton brand names.