The timeshare sits on about 400 linear feet of beachfront providing breathtaking ocean views from most of the units with spacious one-, two-, and three- bedroom residential-style accommodations, expansive lanais, fully equipped gourmet kitchens and widescreen HD LED TVs.
BETHESDA, MD. – Host Hotels & Resorts, Inc. announced the opening of the Hyatt Ka’anapali Beach, a Hyatt Residence Club Resort. The company completed the development of the 131 timeshare units on underutilized land adjacent to the company’s Hyatt Regency Maui Resort & Spa. The company contributed a combination of land and cash to the joint venture in exchange for a 67% interest and will benefit from the sale of the timeshare units, as well as synergies created with its existing hotel, including ancillary revenues from its spa, food and beverage outlets and retail shops, and savings related to shared expenses.
The timeshare sits on about 400 linear feet of beachfront providing breathtaking ocean views from most of the units with spacious one-, two-, and three- bedroom residential-style accommodations, expansive lanais, fully equipped gourmet kitchens and widescreen HD LED TVs. Extensive amenities include an 8,000 square-foot open-air lobby; beachfront Pau Huaka’i tiki bar; Lahaina Provision Company marketplace; lagoon pool, with zero-entry children’s area; separate infinity pool; Day Lounge relaxation areas, with TVs, Wi-Fi, showers, and lockers; and a 3,000- square-foot state-of-the-art fitness center. Members and guests also have access to the amenities such as restaurants, bars, pools, and the only oceanfront spa on Maui at the adjacent Hyatt Regency Maui Resort & Spa.
Gerard E. Haberman, managing director, Global Development Design and Construction, stated, “This project is a great example of our ability to create value by redeveloping non-income producing real estate in our existing portfolio. We look forward to pursuing additional value creating opportunities in our 35 remaining acres of underdeveloped land at this location.”
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