Commercial Construction & Renovation
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CCR Magazine

Hyatt Regency hotel in Hawaii acquired by Blackstone Group

The leasehold on the Hyatt Regency Waikiki Beach Resort and Spa in Hawaii has been sold to the Blackstone Group for $450 million. Renovations are being planned for the 1,230-room hotel, with Blackstone expected to spend about $80 million on property improvements. Hyatt Hotels will remain as the property’s manager, according to Hotel Management News.

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Commercial Construction & Renovation
The Official Networking Group
of CCR Magazine