Outrigger Hotels and Resorts announced its acquisition of the Hawai‘i Island Resort, a luxury hotel on the island of Maui. The resort will be rebranded as an Outrigger property and continue to operate as a stand-alone business.
WHY IT RATES: The Sheraton Kona Resort & Spa at Keauhou Bay will soon become the Outrigger Kona Resort and Spa. – Lacey Pfalz, Associate Writer, .
Outrigger Hospitality Group announced today that it has revived its plan to acquire ownership of Sheraton Kona Resort & Spa at Keauhou Bay, a 509-room property in a prime oceanfront location on the Island of Hawai‘i. The transaction is expected to close in late August 2024, at which time the property will be rebranded as Outrigger Kona Resort and Spa.
Outrigger is ideally positioned to manage this property, with almost 75 years of outstanding leadership in Hawaii’s hospitality sector with 25 hotels, resorts, and vacation condominiums spread throughout the Hawaiian Islands.
Outrigger Hospitality Group president and CEO Jeff Wagoner stated, “We are grateful for the chance to return to Hawai’i Island with a full-service Outrigger resort and share the heritage of this wonderful location in a responsible and sustainable way.” “We were forced to put our purchase on hold because to the COVID-19 epidemic, but we’re happy to be back on track and excited to welcome visitors to our new home.”
Outrigger’s strategic business strategy to grow its footprint in Hawai‘i and abroad, as well as its goal to be the world’s premier beach resort brand, is closely linked with this investment. Outrigger has announced the acquisition of three hotels in Southern Thailand, which are situated on some of Asia Pacific’s most sought-after beach destinations: Phuket, Khao Lak, and Koh Samui. Outrigger’s worldwide portfolio now includes almost 1,000 additional rooms as a result of the combined purchases.
The hospitality company’s strong commitment to its home market of Hawai‘i is shown by the acquisition of a new full-service resort in Kona. Other notable investments include the $80 million makeover of Outrigger Reef Waikiki Beach Resort, which is expected to be completed by the end of the year, and the $35 million upgrade of Waikiki Beachcomber by Outrigger, which will be the first ‘craft’ hotel in Hawai‘i.
Outrigger is known for being a brand that respects the heritage and customs of the communities in which it operates. The Outrigger Way – caring for the host, the visitor, and the land – was established 25 years ago under the guidance of Hawaiian historian and scholar, Dr. George Kanahele, as the company’s corporate compass. Outrigger is dedicated to preserving the heritage of this famous resort while also presenting the rich culture of Keauhou Bay, where King Kamehameha III was born.
“Once the transaction is completed, we will begin laying out a property renovation masterplan that is in line with the local culture and enhances the grounds and guest experience even more. We’re excited to re-establish our relationship with landowner Kamehameha Schools and improve the site in a way that respects the land’s history,” Wagoner said.
The Outrigger Kona Resort and Spa has a room with a view of the ocean (photo via Outrigger Resorts)
The beautiful 22-acre resort sits above spectacular lava-rock cliffs and has an oceanfront pool and waterslide, spa, wedding chapel, cultural center, fitness center, kids club, two restaurants, and four indoor meeting spaces, including the Kona Coast’s biggest conference center at 10,000 square feet. One of the few locations in the world where visitors may swim with manta rays is in the blue seas around the resort.
Outrigger Kona Resort & Spa is offering up to 30% off introductory prices beginning July 26, 2024, for stays beginning in late August 2024, at outrigger.com/kona. Outrigger also plans to integrate the resort to its Outrigger DISCOVERY loyalty program, which rewards guests for staying at Outrigger as well as the DISCOVERY portfolio’s more than 500 hotels.
OUTRIGGER PRESS RELEASE SOURCE
