Host Hotels opens Hawaii timeshare

• The Hyatt Ka'anapali Beach consists of 131 timeshare units on previously underutilized land adjacent to Host's (NASDAQ:HST) Hyatt Regency Maui Resort & Spa. Host contributed land and cash to the JV in exchange for a 67% interest, and hopes to realize benefits from the sale of the timeshare units and also synergies created with the existing hotel.
• Host sill has 35 remaining acres of undeveloped land at this location with which it plans to pursue additional development.
• Source: Press Release