Outrigger Hotels and Resorts and KSL Capital Partners Enter Acquisition Agreement

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KSL Capital Partners, LLC and Outrigger Hotels and Resorts have signed a purchase and sale agreement for a KSL affiliate to acquire Outrigger. This includes all 37 of Outrigger’s portfolios of hotels, condominiums, and vacation resort properties. It is subject to shareholder approval and customary closing conditions.

“As one of the world’s leading investors in hospitality, 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,” said W. David P. Carey, president and CEO of Outrigger Enterprises Group. “Without question, this is an exciting time for Outrigger; our brand has never been stronger and it is with enthusiasm that we look forward to the advantages that this transaction will create for our valued hosts, guests and communities we serve.”

Outrigger Hotels and Resorts was founded in 1947 and has been a family-run hospitality business that has provided incredible vacation experiences for travelers all over the world, as well as unmatched employment opportunities for the property hosts. After 70 years of leadership, Outrigger feels confident that the recent sale agreement will put their company on the best path for future success.

KSL looks forward to continuing the tradition of the strong tradition built by the Outrigger Hotels and Resorts legacy. Outrigger and KSL have aligned values to create lifelong memories for resort guests at all Outrigger’s properties. Outrigger’s portfolio includes 6,500 rooms located in Hawaii, Guam, Fiji, Thailand, Mauritius, and the Maldives.

Until the transaction is closed, Outrigger’s current management team will continue to lead the company from the headquarters in Honolulu, Hawaii. Learn more about Outrigger Hotels and Resorts and KSL Capital Partners by visiting their respective websites.