Outrigger snaps up Fiji resorts
Hawaii-based Outrigger Hotels and Resorts has purchased from its partner, Geoffrey Shaw, full ownership of Outrigger on the Lagoon Fiji, and his privately held Castaway Island Fiji.
The transaction for the two resorts closed on January 31 for an undisclosed amount and gives Outrigger 100% ownership of Outrigger on the Lagoon Fiji and Castaway Island Fiji – accessible only by boat, seaplane or helicopter.
"This acquisition is consistent with the strategic growth of Outrigger in the Asia-Pacific region," said David Carey, president and chief executive of Outrigger Enterprises Group. "We plan to have Outrigger resorts in the best beachfront locations in the best resort destinations in the Asia-Pacific region."
Since starting its expansion into the Asia-Pacific region in 2008, Outrigger has grown its global presence to include properties currently open or under development in Australia, Guam, Bali, Phuket, Phi Phi Island, Mauritius, Hainan Island and Vietnam.
Ian Jarrett
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