WAIKIKI, HONOLULU – Outrigger Hotels and Resorts and KSL Capital Partners LLC announced Nov. 8 in a release that affiliates of the companies 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 transaction is subject to shareholder approval and customary closing conditions. KSL is a private equity firm specializing in travel and leisure businesses.
“As one of the world’s leading investors in hospitality, KSL has the capital capacity to elevate Outrigger to the next level . . .
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