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 disclosed.

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.


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