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he transaction between Hyatt and Host is expected to close this coming March he transaction between Hyatt and Host is expected to close this coming March

Hyatt Sells Three Hotels for USD1 Billion

Hyatt Hotels Corporation announced that it has reached a definitive agreement with Host Hotels & Resorts to sell three US-based properties for approximately USD1 billion.

The agreement includes the 301-room Andaz Maui at Wailea Resort, the 668-room Grand Hyatt San Francisco and 454-room Hyatt Regency Coconut Point Resort and Spa.

Hyatt will continue to manage the three hotels under long-term management agreements.

Andaz Maui at Wailea Resort and Grand Hyatt San Francisco reflect a combined attributed sale value amounting to approximately USD800 million, and form part of Hyatt’s ongoing USD1.5 billion permanent sell-down programme.

Mark Hoplamazian, president, Hyatt Hotels Corporation, remarked, “This agreement demonstrates the value of our owned and leased hotels and strengthens our longstanding and valued business relationship with Host.”