Hawaii-based Outrigger Enterprises Group has
purchased the Konotta Island Resort situated in the Gaafu Dhaalu
Atoll of the Republic of Maldives from Crystal Lagoon Pvt Ltd.
The transaction closed in the Maldives on 23
September 2014, for an undisclosed amount and was brokered by
Jones Lang LaSalle's Singapore-based Hotels and Hospitality Group
acting as exclusive adviser to the vendor.
Following a property renovation, the hotel
is expected to open as the Outrigger Konotta Maldives Resort in
"This latest acquisition marks the continued successful expansion
of Outrigger in the Indian Ocean and fits perfectly with Outrigger's aim to be the world's premier beachfront resort
brand," said David Carey, president and chief executive officer at Outrigger Enterprises Group. "The Outrigger Konotta Maldives
Resort will be operated and marketed as a high-end premium property located in a magnificent atoll setting."
The private island of Konotta is located 211 miles (340
kilometers) to the south of Malé and is accessible
via a 55-minute flight from Malé to Kaadedhdhoo Airport followed
by a 20-minute journey on a private speedboat.
it opens next year, the Outrigger Konotta Maldives Resort will
offer 27 beachfront one and two-bedroom pool villas and 21
overwater pool villas. Four additional beachfront pool villas and
an overwater presidential villa are also planned.
The resort will
be supported by a full range of facilities and services including
new dining concepts, a marine education center, a Navasana Spa and retail outlets.
Since embarking on its
expansion into the Asia Pacific region in 2008, Outrigger has
grown its presence outside of Hawaii to include properties
currently open or under development in Phuket and Phi Phi Island,
Thailand; Fiji; Australia; Guam; Hainan Island, China; Mauritius;
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