Outrigger Acquires Premier Island Atoll Property in the Maldives
Honolulu, Hawaii – Hawaii-based Outrigger Enterprises Group has purchased the Konotta Island Resort from Crystal Lagoon Pvt. Ltd.
Situated in the Gaafu Dhaalu Atoll of the Republic of Maldives, southwest of the southern tip of India, the new property is the second resort for Outrigger in the Indian Ocean following the purchase and highly successful opening of the Outrigger Mauritius Resort and Spa last April.
The private island of Konotta is located 211 miles to the south of Malé and conveniently accessible via a 55-minute flight from Malé to Kaadedhdhoo Airport followed by a scenic 20-minute journey on a private speedboat.
When it opens next year, the Outrigger Konotta Maldives Resort will offer a complete sense of privacy and intimate luxury with the current 27 beachfront one- and two-bedroom pool villas and 21 overwater pool villas.
Four additional beachfront pool villas and an overwater presidential villa are also planned. The resort will be supported by a full range of facilities and services including new and innovative dining concepts, a marine education center, a Navasana Spa and retail outlets.
The transaction closed in the Maldives on September 23, 2014, for an undisclosed amount and was brokered by Jones Lang LaSalle’s Singapore-based Hotels and Hospitality Group acting as exclusive adviser to the vendor. Following a property renovation, the hotel is expected to open as the Outrigger Konotta Maldives Resort in July 2015.
Since embarking on its expansion into the Asia-Pacific region in 2008, Outrigger has grown its presence outside of Hawaii to include properties currently open or under development in Thailand; Fiji; Australia; Guam; China; Mauritius; and Vietnam.
FIDDLING WITH IRISH MUSIC ROYALTIES IN THE WTO