Outrigger Hotels and Resorts Purchases Honua Kai Resort
Thursday, August 2, 2018
Outrigger Hotels and Resorts has acquired Maui Honua Kai Resort & Spa from Alterra Mountain Company. This property is now the largest in the amazing list of properties managed by the company and was purchased for an undisclosed price.
Located in Kaanapali, Honua Kai Resort & Spa is a 38-acre, oceanfront condominium resort with 600 studio, one-, two-, and three-bedroom suites. It features two impressive restaurants, a beautiful spa, and will be expanding with 72 luxury townhomes that are expected to be completed in 2020.
Outrigger’s newly appointed CEO and President Jeff Wagoner was excited to talk about this acquisition as apart of his first year running the company:
“With Hawaii consistently ranked as one of the world’s premier vacation destinations – our realigned growth strategy includes substantial investment in our home market for both owned and managed operations. Honua Kai is a meticulously maintained luxury property that’s impeccably aligned with Outrigger’s family friendly, beachfront brand – we’re delighted to have this new offering for our guests to enjoy.”
Alterra Mountain Company’s CEO Rusty Gregory also added:
“Honua Kai Resort & Spa is an oceanfront gem and it has been an honor to be part of its success. While we have decided to refocus our overall business efforts elsewhere, we’re certain that Outrigger will continue to manage the property with the care and attention it deserves.”
Outrigger Hotels and Resorts portfolio of vacation rentals has only become more impressive in recent years. Along with Hawaii Vacation Condos, the company is also home to Outrigger Resorts, OHANA Hotels by Outrigger, and manages properties from brands such as Wyndham Vacation Ownership, Hilton Grand Vacations, Best Western, and Embassy Suites.
To learn more about Outrigger Hotels or Maui Honua Kai Resort & Spa, please visit their official website.