Outrigger Laguna Phuket Beach Resort
KSL Capital Partners, a major investor in the hospitality and travel industries, has agreed to purchase Hawaii-based Outrigger Hotels and Resorts. Outrigger has 37 properties in operation and under development, totalling approximately 6,500 rooms, in Hawaii, Guam, Fiji, Thailand, Mauritius and the Maldives. The hotels operate under a variety of brands, among them Outrigger Resorts, Ohana Hotels by Outrigger, Embassy Suites, Holiday Inn and Best Western, and include residences under the Hawaiian Vacation Condos, Wyndham Vacation Ownership and Hilton Grand Vacations flags.
"As one of the world's leading investors in hospitality, KSL has the capital capacity to elevate Outrigger to the next level, infusing additional resources into our current assets and helping to accelerate our long-term growth goals," said W. David P. Carey, president and CEO of the Outrigger Enterprises Group. "Without question, this is an exciting time for Outrigger; our brand has never been stronger and it is with enthusiasm that we look forward to the advantages that this transaction will create for our valued hosts, guests and communities we serve."
Outrigger was founded in 1947 by Roy and Estelle Kelley and has been family-run ever since. "We are confident that KSL will make Outrigger more resilient in today's global hospitality market," said board chairman Charles Kelley.
Outrigger's current management team will remain in place, and the headquarters will remain in Honolulu.