Outrigger to purchase Laguna Beach Resort in Thailand

Hawaii-based Outrigger Hotels and Resorts entered into an agreement to acquire the 254-key Laguna Beach Resort located in the Laguna Phuket integrated resort on Bang Tao Bay on the northwest coast of Phuket, Thailand. The transaction is scheduled to close in the first quarter of 2013.

Originally opened in 1991, the Laguna Beach Resort is nestled between a tropical lagoon and the Andaman Sea. The resort features amenities that include a spa, tennis courts, meeting and conference rooms, a wedding chapel, extensive water features and a resort pool. Each of the 254 rooms features a private balcony. The property also has a fully-equipped kids club.

The property is currently undergoing a major renovation of all of its rooms and public areas, and is expected to reopen early in the second quarter of 2013.

The Laguna Beach Resort will be the second property for Outrigger in Laguna Phuket, joining the Outrigger Laguna Phuket Resort and Villas, which it has managed since August 2009. Since starting its Asian expansion a few years ago, Outrigger has grown its presence to include properties currently open or under development in Bali and Phuket, as well as in Phi Phi island, Thailand; Sanya, Hainan Island, China; and Quy Nhon, Vietnam.

The Laguna Beach Resort is one of six deluxe resort hotels within the 1,000 acre Laguna Phuket integrated resort. Laguna Resorts & Hotels Public Company Limited, a public company listed on the Thai stock exchange, developed the Laguna Phuket integrated resort starting in the mid-1980s from the remains of an abandoned tin mine once thought to be too polluted to develop. Laguna Phuket has since won numerous environmental awards as a result of that effort.

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