I just can’t seem to get away from writing about this property. But now, Hyatt Hotels sells the Andaz Maui as part of a broader initiative to reduce real estate holdings.
As you all know, I have a love-hate relationship with the Andaz Maui. On the one hand, it’s a fantastic property that has (at least when we stayed) phenomenal service. But, on the other hand, Hyatt loves to make this property impossible to book award nights at. I’m all but convinced that this property eliminated its base room category so as not to offer award stays anymore. The ironic thing about this situation, though, is it hasn’t been a rogue owner play games. It’s been Hyatt doing this themselves. But now, Hyatt is selling the property along with a couple of others.
Hyatt Sells the Andaz Maui
Hyatt recently announced a plan to divest real estate holdings in order as part of its capital strategy and unlock shareholder value. So, as part of this plan, Hyatt is selling the Andaz Maui, the Grand Hyatt San Francisco, and the Hyatt Regency Coconut Point Resort and Spa in Florida. The purchaser of all three properties is Host Hotels & Resort, who already owns a number of Hyatt properties. This includes the Hyatt Regency Maui, the Hyatt Place Waikiki Beach, as well as the Fairmont Kea Lani on Maui. And, in case you didn’t know, Host Hotels & Resorts was, until 1997, a division of the Marriott Corporation.
Hyatt Hotels Sells the Andaz Maui, Final Thoughts
Do I think the sale will improve things any? Nope. Companies are out to make a profit, and the Andaz Maui is incredibly popular, so why change anything. They have enough demand from paying guests that the probably don’t want award guests. And Hyatt doesn’t seem to care, after all, they’ve been the ones doing this themselves too. It just goes to show how far downhill Hyatt has fallen. After all, it seems striving for ever higher profits is far more important to them than the satisfaction of loyal members.
sells* ; )
Oh, how embarrassing! Thanks for the heads up, Nick!