June 28, 2006

According to the Honolulu Star-Bulletin, the Hualalai Resort, on Hawaii's Big Island, was sold by its developer, Tokyo-based Kajima Corp., to a joint venture that includes Michael Dell's MSD Capital LP and Rockpoint Group LLC, for about $550 million. The sale, which includes the 234-room Four Seasons Resort, a partially developed 865-acre planned community and two golf courses, sets the stage for a potential expansion of the property.

The 165-room Palacio Duhau Park Hyatt Buenos Aires in Argentina opens today. The $74 million property, in the city's upscale Recoleta district, has an 8,000-square-foot spa, a garden, a pool, two restaurants and 10,000 square feet of meeting space.

An $8 million renovation of meeting space has begun at the 462-room Paradise Point Resort & Spa in San Diego, to be completed by September. All of the hotel's 32,000 square feet of function space is set for an aesthetic and architectural overhaul, including its 10,064-square-foot Paradise Ballroom.

HEI Hospitality has acquired the 293-room Embassy Suites in Irvine, Calif., and intends to complete a $7 million renovation there by next June. The hotel has 3,650 square feet of meeting space.

The 212-room Tarrytown House Estate & Conference Center in Tarrytown, N.Y., holds its grand reopening celebration today to celebrate an $11 million restoration, which encompassed guest rooms, its 30,000 square feet of meeting space and the sports center. The property, formerly a Dolce conference center, is now managed by Destination Hotels & Resorts.

In the first step toward applying its star ratings worldwide, Mobil Travel Guide has entered a partnership to produce a Caribbean edition of the popular guide. FreemanGroup, a hospitality consulting company (not to be confused with exposition company Freeman), will evaluate Caribbean properties on select islands, and the reviews will be published on the website,