KSL Capital Partners announced Dec. 20 it had completed the purchase of Outrigger Hotels and Resorts, including the company's 37 multi-branded hotels, condominiums and vacation properties in Hawaii and other areas of the Pacific.
Outrigger will continue to manage the properties, and president and CEO W. David P. Carey is staying on as head of the company out of the Waikiki headquarters.
KSL, an investor in travel and leisure businesses, announced the planned acquisition in early November. As a new investor, KSL says the infusion of capital will speed up the growth of Outrigger.
Outrigger currently operates or has under development 37 properties with approximately 6,500 rooms located in Hawaii (Oahu, Maui, Kauai, island of Hawaii); Guam; Fiji; Thailand; Mauritius; and the Maldives.
For more information on the transaction visit www.OurVoyageContinues.com.