Currently, it looks like Hytale will release in 2021. However, this is yet to be confirmed.
Hytale hosting will work very similar to Minecraft Hosting. The hosting will use our normal Game panel, with very limited additional features added/removed.
Hytale was created by Hypixel Studios, which is now a subsidiary of Riot Games.
We do not have enough information regarding how resource-hungry Hytale is. However, as soon as we know - This page will be updated.