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Outrigger Resumes Acquisition of Hawai‘i Island Resort Outrigger Resumes Acquisition of Hawai‘i Island Resort

Outrigger Resumes Acquisition of Hawai‘i Island Resort

Outrigger Hospitality Group recently announced that it has revived its plan to acquire ownership of Sheraton Kona Resort & Spa at Keauhou Bay, a 509-room property in a prime oceanfront location on the Island of Hawai‘i. The transaction is expected to close in late August, at which time the property will be rebranded as Outrigger Kona Resort and Spa.  

With nearly 75 years of successful leadership in Hawai‘i’s hospitality industry and 25 hotels, resorts and vacation condos across the Hawaiian Islands – Outrigger is uniquely positioned to steward this property.
 
“We are grateful for the opportunity to return to Hawai‘i Island with a full-service Outrigger resort and share the legacy of this remarkable place in a responsible and sustainable manner,” said Jeff Wagoner, CEO, Outrigger Hospitality Group. “The COVID-19 pandemic put this purchase on a brief pause, so we’re glad to be back on track and look forward to welcoming guests to our new home.”
 
This investment is directly aligned with Outrigger’s strategic business plan to expand its presence in Hawai‘i and beyond, furthering its mission to be “The Premier Beach Resort Brand in the World.” On  July 19, Outrigger announced the purchase of three hotels in Southern Thailand which are located on some of the most sought-after beach locations in Asia Pacific: Phuket, Khao Lak and Koh Samui. The combined acquisitions add nearly 1,000 new rooms to Outrigger’s global portfolio.
 
The purchase of a new full-service resort in Kona underlines the hospitality company’s deep commitment to its home Hawai‘i market. Other recent investments include Outrigger Reef Waikiki Beach Resort’s USD80 million transformation which is scheduled for completion at the end of this year and Waikiki Beachcomber by Outrigger’s USDd35 million modernisation, creating the first ‘craft’ hotel in Hawai‘i.