An affiliate of KSL Capital Partners has acquired Honolulu-based Outrigger Hotels and Resorts for an undisclosed sum. The agreement includes all 37 of Outrigger’s multibranded hotel, condominium, and vacation resort properties, both existing and under development. The transaction remains subject to shareholder approval and customary closing conditions.
“Our family is humbled to have had the privilege of leading this company for nearly 70 years and to have worked with some of the best in the industry,” says Dr. Charles Kelley, board chairman of Outrigger Enterprises Group. “We have a responsibility to make strategic decisions today that put our company on the best path for future success; we are confident that KSL will make Outrigger more resilient in today’s global hospitality market.”
“For nearly seven decades, the Outrigger team has been focused on providing authentic, localized experiences for guests in iconic resort destinations,” adds KSL partner Marty Newburger. We are excited to continue the strong tradition that the Kelley family has built.”
Following the closing the of the deal, Outrigger’s existing management teams will continue leading the company. The brand’s portfolio comprises roughly 6,500 guestrooms across Hawaii, Fiji, Guam, the Maldives, Mauritius, and Thailand.
