a 75-seat casual dining restaurant, a pool with a bar and a multi-level pool deck, and a 3,300-sq-ft fitness center. The resort will be located near Hyatt Regency Maui Resort & Spa, the 806-room destination resort surrounded by 40 acres of beachfront landscape.
The company said that an affiliate of Hyatt has formed a joint venture with an affiliate of Host Hotels & Resorts in order to execute the plan. A Hyatt affiliate will invest approximately USD 40 million in the vacation ownership property. It will be the first Residence Club in Hawaii, joining 15 others throughout US territories, according to a report in Maui Now.
Hyatt Residence Club members are automatically entitled to all the privileges of membership in the Hyatt Gold Passport frequent guest programme, as well as access to the interval international network of more than 2,600 resorts worldwide. Points earned at Hyatt Residence Club properties are also accepted at all Hyatt-branded hotels worldwide. Additionally, members of the Hyatt Residence Club can convert their ownership to points and stay at any location in the Hyatt Residence Club system.