HONOLULU (AP) - The new owners of the Hyatt Regency Waikiki Beach Resort and Spa say they will spend more than $100 million to renovate the property.
The Honolulu Star-Advertiser reports Blackstone Group LP made the commitment after buying the leasehold on for $450 million.
Hyatt area vice president and general manager David Nadelman says the renovation will bring Hawaii into the building and get Hyatt into the community.
The Hyatt Regency Waikiki was built in 1976 for $100 million by developer Christopher Hemmeter.
Nadelman says the renovations will include luxury pillow-top beds and bidet-style toilets.
The hotel also is considering new shower heads, televisions and radio frequency identification keys.
The renovations are to begin next year. It's expected to take 18 months to make changes in the hotel's 1,230 guest rooms.