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Outrigger buys Castaway Island Resort

 

Feb 08, 2014 03:09:00 PM

Outrigger buys Castaway Island Resort Outrigger Hotels and Resorts purchased Geoffrey Shaw’s private Castaway Island Resort and also took up the entire ownership of Outrigger on the Lagoon in Sigatoka this week.

The transaction took place for an undisclosed amount.

Outrigger Enterprises Group President and chief executive David Carey in a statement said the acquisition is consistent with the company’s strategic growth in the Asia Pacific region.
 
"With over 66 years of experience in tropical resort destinations, our full acquisition of these two beautiful, absolute beachfront properties fits perfectly with our expansion strategies. We plan to have Outrigger resorts in the best beachfront locations in the best resort destinations in the Asia Pacific region,” he said.

By Reginald Chandar
 

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