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."