Hawaii-based Outrigger Hotels and Resorts has purchased two properties in Fiji.
Outrigger purchased the complete shareholding in the ownership company of Outrigger on the Lagoon Fiji from its partner Geoffrey Shaw, along with his privately held Castaway Island resort.
The transaction closed on January 31, 2014, for an undisclosed amount and gives Outrigger 100% ownership of both properties.
“This acquisition is consistent with the strategic growth of Outrigger in the Asia-Pacific region,” said Outrigger Enterprises Group’s President and CEO, David Carey
“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,” he said.
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.
Outrigger said Shaw will continue as a consultant to the company.
“We have enjoyed a long working relationship with Geoff and look forward to utilizing his expertise as a consultant as Outrigger continues to work with the Fijian community to welcome visitors to the islands,” Carey said.
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, a one hour’s drive from Nadi International Airport, while Castaway Island 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.