Hawaii-based Outrigger Hotels and Resorts has sold six
properties for $310 million but will continue to operate them.
Thailand-based Singha Estate Public Company acquired all six
resorts, which are outside Hawaii. Singa bought the Outrigger Laguna Phuket
Beach Resort and Outrigger Koh Samui Beach Resort in Thailand; Outrigger Fiji
Beach Resort and Castaway Island in Fiji; Outrigger Mauritius Beach Resort in
Mauritius; and Outrigger Konotta Maldives Resort in the Republic of Maldives.
Singha said the purchase is part of a strategic investment in
high-yield tourist destinations around the globe.
Outrigger CEO Jeff Wagner said the sale will "provide
new capital for further expansion while retaining Outrigger's brand presence
and management of world-class properties."