Outrigger Hotels and Resorts (Outrigger) and KSL Capital Partners, LLC (KSL) signed an agreement with a view to the takeover of Outrigger by KSL. This operation represents a portfolio of 37 properties (6,500 rooms operated under the six Outrigger outrigger.
Outrigger Hotels & Resorts has been operated by the Kelley family for 70 years. The current management continues to run the business and its headquarters is based in Honolulu, in Hawaii. On this occasion, W. David P. Carey, President and CEO of the group Outrigger Enterprises, who will remain in his position, declared: "KSL is one of the leaders in the hospitality industry, it had the means to bring Outrigger to a second level by injecting additional resources into our current assets, it has the means to accelerate our long-term growth."
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