PREMIUM beach resort brand, Outrigger Hospitality Group announced today that it has signed a purchase and sale agreement to acquire ownership of Sheraton Kona Resort & Spa at Keauhou Bay, a 509-room property in a prime oceanfront location on the Island of Hawaii. The transaction is expected to close in mid-April 2020, at which time the property will be rebranded as an Outrigger Resort.
The investment is directly aligned with Outrigger’s strategic business plan to expand its presence in Hawaii and beyond, furthering its mission to be The Premier Beach Resort Brand in the World.
This will be the first full-service Outrigger resort outside of Oahu among the Hawaiian Islands and is likely to prove popular with Australian travellers who utilise their time on holidays moving between the islands.
“Outrigger is uniquely positioned to steward this exquisite oceanfront property; with seven decades of leadership in Hawaii’s hospitality industry, we have a pulse on this market and look forward to sharing the legacy of this remarkable place in a responsible and sustainable manner,” said Jeff Wagoner, president and CEO of Outrigger Hospitality Group.
The acquisition of a new full-service resort marks another significant investment by Outrigger Hospitality Group into the Hawaii market. The purchase comes on the heels of an extensive reinvestment at the lifestyle hotel, Waikiki Beachcomber® by Outrigger® and acquisition of the on-site luxury resort rental program at Honua Kai Resort & Spa on Maui.
The lush 22-acre resort is perched prominently atop dramatic lava-rock cliffs and includes more than 500 rooms and suites, spa, wedding chapel, traditional Hawaiian cultural centre, fitness centre, kid’s club, oceanfront pool and waterslide, two restaurants and four indoor meeting venues – including a 10,000 square-foot convention centre, the largest on the Kona Coast. The turquoise waters surrounding the resort are home to one of the only places in the world where people can consistently swim with manta rays.
Upon finalisation of the sale, Outrigger will begin drafting a property modernization masterplan that is aligned with the local culture and further elevates the grounds and guest experience.
“We are grateful for our partnership with landowner Kamehameha Schools and appreciate the opportunity to work with its team to further enhance the property in a way that complements the organization’s vision,” added Wagoner.
Guests will have the ability to book a stay at this property on the Outrigger website as of mid-March, 2020. Find out more at outrigger.com/kona.
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