Outrigger Buys Two Resorts in Fiji

Outrigger Hotels and Resorts has purchased  the Castaway Island, Fiji - a "private" island escape accessible only by boat, seaplane or helicopter, as well as the ownership company of Outrigger on the Lagoon * Fiji.

The transaction closed on 31 January 2014, for an undisclosed amount and gives Outrigger 100% 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. "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."

Outrigger on the Lagoon * Fiji

The Outrigger on the Lagoon * Fiji is located on a 140 hectare (346 acre) piece of beachfront property in the heart of Fiji's Coral Coast, one hour's drive from Nadi International Airport.

Construction of the resort commenced in late 1998 when Outrigger purchased a minority interest and provided extensive technical support throughout the development period. The resort opened on 1 October 2000.

Today the resort offers individual bungalows 'bures' set amongst the gardens and beachside along the water's edge, together with modern low-rise hotel rooms and suites, swimming pools, multiple restaurants and a wide range of recreational facilities.

Castaway Island, Fiji

Castaway Island, Fiji is a pristine private island resort located in the heart of Fiji's Mamanuca Island group approximately 30 kilometres (18 miles) offshore from the main Fijian island of Viti Levu. The island's 70 hectares (174 acres) are covered in rich tropical rainforest and surrounded by white sand beaches, vibrant coral reefs and the azure waters of the South Pacific.

Sixty-six bures featuring traditional Fijian style thatched roofs are nestled amongst lush tropical gardens or beachside at the water's edge. Air conditioned interiors feature natural rattan and local timber furnishings and high vaulted ceilings lined with hand painted 'tapa' cloth - each one a unique and individual design. This private island resort, which boasts an annual 44% guest return rate, offers two fresh water swimming pools, four restaurants and bars, a wide range of water sports and activities including PADI scuba diving, surfing, and a kids club.

Operations of both Outrigger on the Lagoon * Fiji and Castaway Island will be overseen by the Outrigger Asia Pacific team from its regional offices in Phuket, Thailand.

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.