HONOLULU – Outrigger Hospitality Group has stepped up its strategic focus on Hawaii and beyond by signing a purchase and sale agreement to acquire ownership of Sheraton Kona Resort & Spa at Keauhou Bay, a 509-room property in a prime oceanfront location on the Island of Hawaii.
The transaction is expected to close in mid-April 2020, at which time the property will be rebranded as an Outrigger Resort.
The 22-acre resort includes spa, wedding chapel, traditional Hawaiian cultural centre, fitness centre, kids’ club, oceanfront pool and waterslide, two restaurants and four indoor meeting venues – including a 10,000 square-foot convention centre, the largest on the Kona Coast.
“We have the pulse of this market and look forward to sharing the legacy of this remarkable place in a responsible and sustainable manner,” said Jeff Wagoner, president and CEO of Outrigger Hospitality Group.
The purchase comes on the heels of an extensive reinvestment at the lifestyle hotel, Waikiki Beachcomber by Outrigger and acquisition of the on-site luxury resort rental programme at Honua Kai Resort & Spa on Maui.