Thailand company acquires 6 spectacular hotel properties from Outrigger for a cool US$310 million

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Singha Estate Public Company Limited, Thailand’s premier property development and investment holding company, today announced the successful acquisition of 6 spectacular properties from the Honolulu-based hotel chain and management company, Outrigger. The USD 310 million acquisition is part of Singha Estate’s strategic investment approach focused on the expansion and entry in high-yield tourist destinations around the globe.

With 70 years of hospitality development and management experience, Outrigger’s resort properties are dotted throughout Hawaii and the Asia-Pacific region. With over 4,700 employees worldwide, Outrigger has been ranked 15th among the top 100 management companies in the U.S. by Hotel Business Magazine.

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Read the full article at hawaiinews.online.