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Outrigger Hospitality Group acquires three Thai beach resorts
Outrigger Hospitality Group announced the acquisition of the Manathai Hotels and Resorts brand, giving it ownership of three beach resorts in southern Thailand.
The resorts comprise 372 keys in three beach locations in Thailand.
Outrigger will refresh the former Manathai Koh Samui, Manathai Khao Lak and Manathai Surin Phuket before rebranding and re-opening by the year-end high season.
They will then become Outrigger Koh Samui Beach Resort, Outrigger Khao Lak Beach Resort and Phuket Manathai by Outrigger.
Jeff Wagoner, President and CEO of Outrigger Hospitality Group said: "The investment is directly aligned with Outrigger’s strategic business plan to expand its presence in Asia Pacific and beyond."
"This acquisition trio demonstrates our confidence in Thailand’s tourism industry and commitment to the global expansion of Outrigger’s leisure resort portfolio,."
Outrigger Koh Samui Beach Resort offers 148-keys on Lamai Beach on the east coast of Koh Samui.
It has a soft ‘colonial’ elegance, which includes 34 suites, a spa, three restaurants, a kids’ club and function space for weddings and events.
The 158-key Outrigger Khao Lak is situated north of Phuket on Bang Sak Beach. As well as 12 suites and villas, there are two restaurants, a bar, a pool with ocean views and a kids’ club.
Phuket Manathai by Outrigger is an elegant 66-room boutique property on the edge of popular Surin Beach. Thirty-seven of the rooms are suites.
Outrigger Hospitality Group says it continues to look for expansion opportunities and will have a presence at the Americas Lodging Investment Summit (ALIS) in Los Angeles this month and the Hotel Investment Conference Asia Pacific (HICAP) in Singapore in October.
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