BETHESDA, Md., Host Marriott Corporation HMT 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.

Source: Host Marriott Corporation