KSL Capital Partners, whose travel investments include ski
resort company Squaw Valley Alpine Meadows and the Monarch Beach Resort in
Southern California, reached an agreement to acquire Honolulu-based Outrigger
Hotels and Resorts.
KSL will acquire Outrigger's 37 hotels, condominium
complexes and vacation-rental properties -- which total 6,500 rooms in Hawaii,
Guam, Fiji, Thailand, Mauritius and the Maldives -- for a price that wasn't
Outrigger has been family-run since its 1947 founding, and
its CEO, W. David Carey, is the grandson of founders Roy and Estelle Kelley.
KSL acquired Squaw Valley in 2010, and bought out the nearby
ski resort Alpine Meadows the following year.