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Outrigger Into Bali; Reveals Five-Year PlanMarch 19, 2007 By: Camie Foster Travel Agent
Earlier this month, Honolulu-based Outrigger Enterprises Group said it would invest the proceeds of its sale of hotel-management rights in Australia and New Zealand in Asia and the Pacific. Last week brought word of the company's first step back into the market under this initiative—management of a luxury Outrigger-branded property in Bali.
The Outrigger Panorama Bali Resort & Spa, a $45 million
170-unit luxury development on the
This is just the first component of Outrigger's plan to
plant its flag in
In an exclusive conversation, Mel Kaneshige, Outrigger Enterprises Group's executive vice president-real estate and development, gave Travel Agent a glimpse of how Outrigger sees its future.
"We hope within the next five to eight years to have anywhere from ten to fifteen Outrigger-branded properties in the area added to our portfolio," Kaneshige says. "We do want to continue to grow as quickly as we can, consonant with the available opportunities and markets," he adds.
"Our continued development throughout the Pacific Asia
area will concentrate on the Outrigger brand," Kaneshige states.