Hawaii-based Outrigger acquires Konotta Island Resort in Maldives

Hawaii's Outrigger Enterprises Group has purchased the Konotta Island Resort in the Maldives for an undisclosed amount. The hotel is expected to open as the Outrigger Konotta Maldives Resort next summer following a renovation, reports Pacific Business News.

The purchase of the resort, which is on the Gaafu Dhaalu Atoll, from Crystal Lagoon Pvt Ltd. closed on Tuesday. The deal was brokered by Jones Lang LaSalle's Hotels and Hospitality Group in Singapore.

"This latest acquisition marks the continued successful expansion of Outrigger in the Indian Ocean and fits perfectly with Outrigger's aim to be the world's premier beachfront resort brand," David Carey, president and CEO of Outrigger Enterprises Group, said in a statement. "The Outrigger Konotta Maldives Resort will be operated and marketed as a high-end premium property located in a magnificent atoll setting."

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.
Read more on

Suggested Articles

Reuben Brothers have completed the acquisition of the La Palma Hotel in Capri, the first and oldest hotel on the island, opened in 1822.

Polish Aviation Group, the parent company of LOT Polish Airlines, has acquired Condor, Thomas Cook’s German airline, for an undisclosed fee.

Radisson Hotel Group is planning to open three more hotels in Turkey this year, with two in Istanbul and one in İzmir.