$1 billion acquisition of Hyatt hotel portfolio

Host Hotels & Resorts

Arnold & Porter advised Host Hotels & Resorts, the largest lodging real estate investment trust, on its $1 billion acquisition of three hotels from Hyatt Hotels Corporation. The sale includes the 301-room beachfront Andaz resort in Wailea, Maui; the 668-room Grand Hyatt hotel near Union Square in San Francisco, California; and a 454-room Hyatt Regency Coconut Point Resort and Spa in Bonita Springs, Florida.  The hotels will continue to be managed by Hyatt pursuant to long-term management agreements.

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