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. It is the second resort for Outrigger in the Indian Ocean following the purchase and highly successful opening of the Outrigger Mauritius Resort and Spa in April this year.
The transaction took place on September 23, 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 July 2015.
Outrigger Konotta Maldives Resort to open in July 2015.
“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.”
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; and Vietnam.
“In the Maldives, Outrigger will create a unique resort experience that will attract discerning travelers from around the world,” said Darren Edmonstone, Outrigger managing director, Asia Pacific. “Our acquisition in the Maldives builds on 67 years of iconic resort management expertise developed within Outrigger.”