Affiliate of KSL Capital Partners to Acquire Outrigger Hotels and Resorts

Affiliates of Outrigger Hotels and Resorts and KSL Capital Partners have signed a purchase and sale agreement for an affiliate of KSL to acquire Outrigger.

The transaction includes all 37 of Outrigger’s multi-branded portfolio of hotels, condominiums and vacation resort properties.

The 37 properties, with approximately 6,500 rooms, are located in Hawaii (Oahu, Maui, Kauai, Hawaii Island), Guam, Fiji, Thailand, Mauritius and Maldives.

“As one of the world’s leading investors in hospitality, KSL has the capital capacity to elevate Outrigger to the next level – infusing additional resources into our current assets and helping to accelerate our long-term growth goals,” said W. David P. Carey, president and CEO of Outrigger Enterprises Group. “Without question, this is an exciting time for Outrigger; our brand has never been stronger and it is with enthusiasm that we look forward to the advantages that this transaction will create for our valued hosts, guests and communities we serve.”

Upon closure of the transaction, Outrigger’s current management team will continue to lead the company and the company’s headquarters will remain in Honolulu, Hawaii.

“Outrigger is a well-established, highly successful company that has built a unique portfolio of world-class hotels,” said Marty Newburger, partner at KSL. “For nearly seven decades, the Outrigger team has been focused on providing authentic, localized experiences for guests in iconic resort destinations. We are excited to continue the strong tradition that the Kelley family has built. Outrigger’s and KSL’s values are aligned with creating lasting and memorable experiences for our resort guests at properties that are integral to the communities in which they operate. Outrigger owns and operates resorts in truly remarkable destinations and KSL is excited be a part of the next chapter of Outrigger’s extraordinary story.”

The deal is subject to shareholder approval and customary closing conditions.

KSL Capital Partners

KSL is an investor in travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate and travel services.

The company has offices in Denver, Stamford, and London.

Since 2005, KSL has raised approximately $7 billion of capital and completed more than 30 investments in the travel and leisure industry.

KSL’s current portfolio includes some of the premier properties in travel and leisure. In the United States, KSL affiliates own the Miraval Group, the owner and operator of luxury spa and wellness properties, and the Monarch Beach Resort in Dana Point, California.

KSL affiliates also own premier recreation businesses, including iFly Indoor Skydiving, a leading operator of indoor skydiving facilities, Squaw Valley Alpine Meadows, one of the leading ski resorts in North America, and WellBiz Brands, one of the largest health and wellness franchise organizations in the United States.

KSL affiliates own Ross Aviation, a leading owner and operator of Fixed Based Operations.

In the United Kingdom, KSL affiliates own The Belfry in the West Midlands, Village Hotel Club, a chain of 28 boutique hotels throughout the U.K., and Cameron House in Loch Lomond, Scotland.

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