Outrigger Hospitality Group is finalizing a deal to purchase the 509-room oceanfront Sheraton Kona Resort & Spa at Keauhou Bay, which is on land leased from Kamehameha Schools.
The acquisition is the second one in Hawaii for the company since Denver-based KSL Capital Partners LLC’s 2016 purchase of Outrigger Hotels and Resorts, which had been owned and operated by the Kelley family for 69 years. At the time, it was anticipated that KSL’s capital would allow Outrigger to make more acquisitions and greater reinvestment into existing properties.
Click here to read the full article in the Honolulu Star-Advertiser.
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