Honolulu, Hawaii – 21 December 2016
The Kelley family and KSL Capital Partners announced that an affiliate of KSL has completed the acquisition of Outrigger Hotels and Resorts.
The sale includes all of Outrigger’s holdings, including its portfolio of 37 multi-branded hotels, condominiums and vacation resort properties throughout Hawaii and the Asia Pacific-Indian Ocean region.
Outrigger’s current management team, including long-time president and CEO W. David P. Carey, will continue to lead the company from its headquarters in Waikiki, Hawaii.
“Throughout our 70-year history, Outrigger has achieved tremendous success – growing from one property in Waikiki to 37 properties across ten time zones, employing thousands of hosts and welcoming hundreds of thousands of guests every year,” said W. David P. Carey.
“KSL’s deep knowledge and experience in our industry, capital capacity and shared vision make it the perfect choice to lead Outrigger to still higher levels.”