Hawaii's Outrigger Hotels being sold to investment firm
By AUDREY McAVOY Associated Press
HONOLULU (AP) - The Hawaii family-owned hotel chain Outrigger Hotels and Resorts is being sold to a Denver-based investment firm.
Outrigger and KSL Capital Partners jointly announced the deal on Tuesday. They didn't disclose terms of the agreement.
The sale includes hotels in Hawaii as well as properties in Guam, Fiji, Thailand, Mauritius and the Maldives.
KSL Capital invests in hospitality, recreation and travel businesses as well as clubs and real estate. Its affiliates own luxury spa and wellness company Miraval Group and the Monarch Beach Resort in Dana Point, California.
Roy and Estelle Kelley founded Outrigger in 1947. The Kelley family has operated the company since, expanding it to include 37 properties.
The companies say the current management team will stay in place. Outrigger headquarters will remain in Honolulu.
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