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Outrigger Acquires Two Fiji PropertiesFebruary 4, 2014 By: Newswire
|Outrigger on the Lagoon Fiji|
Hawaii-based Outrigger Hotels and Resorts continues to expand its global portfolio of absolute beachfront properties with the announcement that it has purchased from its partner, Geoffrey Shaw, the complete shareholding in the ownership company of Outrigger on the Lagoon Fiji and his privately held Castaway Island, Fiji – a “private” island escape accessible only by boat, seaplane or helicopter.
The two award-winning resorts combine to offer the perfect Fiji islands holiday experience. The transaction closed on January 31 for an undisclosed amount and gives Outrigger 100 percent ownership of Outrigger on the Lagoon Fiji and Castaway Island, Fiji.
“This acquisition is consistent with the strategic growth of Outrigger in the Asia-Pacific region,” said David Carey, president and chief executive officer of Outrigger Enterprises Group, in a written release. “With over 66 years of experience in tropical resort destinations, our full acquisition of these two beautiful, absolute beachfront properties fits perfectly with our expansion strategies. 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 and Phi Phi Island, Thailand; Mauritius; Hainan Island, China; and Vietnam.