Outrigger to Manage New Luxury Resort on Hainan Island, China

The Outrigger Enterprises Group has been selected to develop and manage the Outrigger Qingshui Bay Resort, Sanya, China, a new 500 plus room, five-star, full service luxury hotel to be built as part of Qingshui Bay Resort, a new, multi-billion dollar mixed use development being built on the island of Hainan in the People’s Republic of China.

Located along 7.5 miles of prime beachfront property within Hainan Island’s Sanya Administrative Prefecture on the South China Sea, the Qingshui Bay Resort will feature six luxury hotels, a diverse range of residential apartments and villas, multiple championship golf courses and a comprehensive mix of commercial, retail and entertainment offerings.

“This is an extraordinary opportunity for Outrigger’s first venture into China and to be a part of China’s growing tourism industry,” said Mr. Carey. “The Qingshui Bay Resort is one of the largest projects the area has seen in recent years. We are excited that the developers have selected Outrigger to be a part of such an expansive world class project. The Qingshui Bay Resort represents a strategic opportunity for Outrigger to build brand awareness by operating a flagship property in China’s premier resort destination.”

Qingshui Bay Resort is being developed by a joint venture between funds managed by Morgan Stanley and Agile Property Holdings Limited, a Hong Kong listed property developer specializing in large-scale, high end, design-oriented residential and resort developments. Overseeing the hotel component of the master planned project is Panorama Hospitality, a unit of Morgan Stanley specializing in hotel asset management, operating and advisory services in the Asia Pacific and Europe regions.

The Outrigger Qingshui Bay Resort, which is slated for completion by 2013, will be one of six luxurious accommodation choices within the Qingshui Bay Resort.

According to Darren Edmonstone, senior vice president-Asia for Outrigger Enterprises Group, Outrigger will be heavily involved in the design and development of the Outrigger Qingshui Bay Resort. “We will be leading the conceptual design and development planning and are currently in the process of putting together a team of world-renowned consultants to assist us in building a distinctive, world class property,” Mr. Edmonstone said.

Multiple food and beverage outlets, an exclusive beach club, extensive landscaping, including a variety of specialized water features and high end retail are all expected to be a part of the new Outrigger resort.

Located just off the southern coast of the People's Republic of China, Hainan is China’s second largest island. Over the years it has developed into one of Asia’s premier resort destinations. The island enjoys easy international access via Sanya Phoenix International Airport, servicing a growing number of domestic and international destinations, including Hong Kong, Seoul and Moscow.

Because of its expansive beaches, natural beauty and tropical setting, as well as its location along the same latitude as Hawaii, Hainan is sometimes referred to as the “Hawaii of China.” Like Hawaii, visitors can enjoy an array of water sports, including scuba diving, snorkeling, water skiing and parasailing, as well as world class golf and cultural activities. There are also wildlife preserves with exotic animals and birds in the island’s rainforests as well as geothermal hot springs across the island.

In the two short years since Outrigger began its growth into Asia, the company has acquired properties in Bali and Phuket, with discussions now underway for additional properties in Phuket and Koh Samui in Thailand. At the present time, Outrigger also is investigating other opportunities in Hua Hin, Krabi and Pattaya in Thailand, another location in Bali and several locations in Vietnam.

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