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Host Hotels & Resorts Acquiring Andaz Maui

The company is betting big that Maui will continue to be one of the fastest growing toursim markets in the nation.
March 02, 2018

Host Hotels & Resorts Acquiring Andaz Maui

On the fence about making a Maui real estate investment? You might find yourself inspired by Host Hotels & Resorts, which is acquiring 301-room Andaz Maui at Wailea, anticipating that Maui will continue to be one of the fastest growing tourism markets in the United States. Andaz is one of three hotels that they will be acquiring in the $1 billion deal, the other two being 668-room Grand Hyatt San Francisco and the other being the 454-room Hyatt Regency Coconut Point Resort and Spa in Florida, all owned by Hyatt Hotels Corp.

Host will be paying about $700,000 per room in a confident move to focus their assets in tourism hot spots like Maui. And this isn't their first such purchase on the island. They also own Fairmont Kea Lani and the Hyatt Recency Maui Resort and Spa. Conveniently for those who work at Andaz Maui at Wailea, the hotel will continue to be managed by Hyatt brands, as will the other two hotels in the acquisition. 

Andaz Maui is one of the island's newer hotels, having opened in September of 2013 at the site that was formerly the Renaissance Wailea Beach Resort. According to a statement from Hyatt, the sale is part of their ongoing $1.5 billion permanent sell-down program.

According to Host President and CEO James F. Risoleo, Andaz is in one of the markets with stronger near-term growth than most other U.S. locations. If you've been checking in on our blog regularly, you'll know that this perspective is right in line with reports from the Hawaii Tourism Authority in terms of Maui's performance.

“We believe Maui and San Francisco will be two of the fastest growing markets in the country over the next few years,” he said in a recent statement. He noted that Maui is benefiting from strong leisure demand and improved airlift. To top it off, Andaz Maui will be one of the company's top three hotels for RevPAR, or revenue per available room. 

The same growth in tourism that makes Andaz a good investment also boost the value of residential Maui real estate, whether you plan to use your investment as a full-time residence, or rent it out for all or part of the year. If you need assistance finding the right Maui real estate investment to meet your needs, contact us. We'll be happy to assist you through every step of the process. Mahalo!

Blogs for March 2018

Top 10 West Maui Spas

Posted on March 30, 2018


Top 10 West Maui Spas

Exploring the perks of West Maui home or condo ownership? This side of the island is known best for its post card beaches, five-star resorts, exciting ocean activities, and an impressive collection of restaurants. But for those of us who love nothing more… Continue Reading

Kapalua Bay Villas Real Estate - Ocean View Condo for Sale

Posted on March 23, 2018


Kapalua Bay Villas Real Estate - Ocean View Condo for Sale

Sparkling ocean vistas and elegant tropical living await you at Kapalua Bay Villas I, Unit 12B3. This luxury one-bedroom, two-bathroom condominium boasts gorgeous views of the renowned Honolua Bay, and the azure waters of the Pacific stretching… Continue Reading

Maui Home Sales Skyrocket in February

Posted on March 16, 2018


Maui Home Sales Skyrocket in February

On the fence about buying a Maui home this year? Hesitation wasn't the theme from buyers last month. According to the latest report from the Realtors Association of Maui (RAM), median prices for both homes and condos remained steady, and while condo… Continue Reading

West Maui Condo For Sale Just Steps from the Beach

Posted on March 09, 2018

West Maui Condo For Sale Just Steps from the Beach

Are you on the hunt for that perfect beachfront Maui condo for sale? If a 1 bed/1 bath suits your needs, unit 108 at Maui Kai is a rare gem in terms of location and asking price. Step off… Continue Reading

Host Hotels & Resorts Acquiring Andaz Maui

Posted on March 02, 2018

Host Hotels & Resorts Acquiring Andaz Maui

On the fence about making a Maui real estate investment? You might find yourself inspired by Host Hotels & Resorts, which is acquiring 301-room Andaz Maui at Wailea, anticipating that Maui will continue to be one of the fastest growing tourism markets in the… Continue Reading

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