Hyatt Regency Waikiki completes $100 million renovation

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The Hyatt Regency Waikiki Beach Resort and Spa has completed its one-year, $100 million renovation.

The hotel, which is owned by Blackstone Group, upgraded all of its 1,230 rooms, adding items such as surfboard-inspired desks, bidet-style toilets and 55-inch televisions.

Blackstone, which acquired leasehold improvements to the 39-year-old hotel in 2013 for about $450 million, is investing in an Oahu hotel market that last year was the country’s second-most lucrative to New York. Oahu hotels’ 2014 room rates averaged $221, while occupancy was more than 84%, according to STR.

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