POSTED: 04:48 p.m. HST, Feb 03, 2014
Hawaii-based Outrigger Hotels and Resorts has expanded its global portfolio with the purchase of two beachfront properties in Fiji.
The transaction closed on January 31 for an undisclosed amount and gives Outrigger full ownership of Outrigger on the Lagoon Fiji and Castaway Island, Fiji, a private island escape accessible only by boat, seaplane or helicopter.
"This acquisition is consistent with the strategic growth of Outrigger in the Asia-Pacific region," said David Carey, president and chief executive officer 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."
Outrigger, which started expanding into the Asia-Pacific region in 2008, now has properties or is developing properties in Australia; Guam; Bali; Phuket and Phi Phi Island, Thailand; Mauritius; Hainan Island, China; and Vietnam.