David Carey, the long-time CEO of Outrigger Hotels and Resorts, is reportedly stepping down from his role and will be replaced by the CEO of KSL Resorts, which acquired the Hawaii-based resort company last November.
Pacific Business News, which broke the news, says that Carey will move to Outrigger's advisory board, with Scott Dalecio, co-founder and CEO of KSL Resorts, assuming CEO duties.
Outrigger had been owned and operated by the Kelley family for 69 years. The company will remain based in Waikiki.
Outrigger Hotels CEO stepping down, will take role on advisory board https://t.co/nqF00whH7p— Ezekiel Kapule (@HISmallBiz) February 23, 2017
“Outrigger is poised to enter its next phase of reinvestment and growth because of the solid foundation built by David Carey and his team; we’re grateful that he will continue to contribute his knowledge and expertise as a member of our board,” Dalecio said in a statement. “From Waikiki to the Maldives, we are excited to invest in the future of Outrigger; by infusing additional support and resources at our properties, hosts will have the tools to perform at the highest level and further elevate the Outrigger guest experience.”
At the time of the sale, Carey, who is married to the granddaughter of Outrigger's founders, said, "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. It’s my intention to stay here. I’m not done yet. I’ve got runway left and I’d like to do some successful things."
That now won't be as CEO.
According to Pacific Business News, Outrigger plans to invest some $100 million in improvements to its hotels and resorts over the next few years. A planned $100-million renovation of Outrigger Reef on the Beach in Waikiki was put on hold, but now may still go forward.