Originally Posted by
josephstern
So does Hyatt own this property? If not, I'll bet they exit the Hyatt system when their contract expires. Seems pretty clear that they don't need the Hyatt affiliation.
It was a JV with Starwood Capital. They bought out partners share in the JV in 2016 so it is owned by Hyatt.
"Andaz Maui at Wailea Resort—We previously held a 65.7% interest and had a $180 million investment in the entities that own Andaz Maui at Wailea Resort and villas prior to acquisition [...] During the year ended December 31, 2016, we purchased the remaining 34.3% for a net purchase price of approximately $136 million[...]"
e/ Just realized Kacee responded earlier. Going to keep post here as it includes the quote from the 10-K