Hawaii-based Outrigger Hotels and Resorts has purchased from a partner the complete shareholding in the ownership company of Outrigger on the Lagoon Fiji and the privately held Castaway Island, Fiji, for an undisclosed price. The transaction closed on January 31, and gives Outrigger 100-percent ownership of the resorts.
This acquisition is consistent with the strategic growth of Outrigger in the Asia-Pacific region, said David Carey, president and CEO of Outrigger Enterprises Group. “With over 66 years of experience in tropical resort destinations, our full acquisition of these two beautiful, absolute beachfront properties fits perfectly with our expansion strategies. We plan to have Outrigger resorts in the best beachfront locations in the best resort destinations in the Asia-Pacific region,” he said.
Since starting its expansion into the Asia-Pacific region in 2008, Outrigger has grown its global presence to include properties currently open or under development in Australia;Guam; Bali; Phuket and Phi Phi Island, Thailand; Mauritius; Hainan Island, China; and Vietnam.
The properties were acquired from Geoffrey Shaw, who will continue as a consultant to Outrigger.
