Posted at 3:45 p.m., Friday, February 2, 2007
Outrigger Enterprises to manage luxury resort in Palau
Advertiser Staff
Outrigger Enterprises Group announced today it will manage a new luxury resort planned on the island of Koror in the Republic of Palau.Outrigger said it entered into an agreement with Micronesia Investment and Development Corp. and Agora Development Group to operate the $40 million beachfront resort, which will be called the Outrigger Palau Resort, Spa and Hotel. The completion of the resort is tentatively scheduled in late 2009. It will include 100 hotel rooms, 10 over-water bungalows and 50 villas/condominiums, as well as restaurants, retail shops, a spa and function space.
"We're delighted to be returning to Palau," said David Carey, Outrigger president and CEO. "Our company's initial steps to take the Outrigger brand beyond the shores of Hawai'i began over a decade ago when we signed our first offshore agreement with (developer) Alan Seid and MIDCORP to assist in the development and opening of the former Outrigger Palasia Hotel Palau."
