OUTRIGGER Hotels & Resorts has entered into an agreement to acquire the 254-key Laguna Beach Resort in Phuket. The transaction is scheduled to close in 1Q2013.
Opened in 1991 as part of the Laguna Phuket integrated resort in Bang Tao Bay, Laguna Beach Resort is currently undergoing a major renovation of its rooms and public areas, and is expected to reopen in 2Q2013.
“The Laguna Beach Resort will be one of the brightest jewels in the Outrigger portfolio and we look forward to completing the renovations and opening this resort early next year,” said Darren Edmonstone, managing director of Outrigger Enterprises Group – Asia-Pacific.
Laguna Beach Resort will be the second Outrigger property in Laguna Phuket, joining the Outrigger Laguna Phuket Resort & Villas, which the group has managed since August 2009.
“The combination of the Laguna Beach Resort, with our existing management of the Outrigger Laguna Phuket Resort & Villas and the Outrigger Phi Phi Island Resort & Spa, creates exciting opportunities for guests who desire a luxury experience in premier leisure destinations in Asia,” said Edmonstone.
Since starting its Asian expansion a few years ago, Outrigger has grown its presence to include properties currently open or under development in Bali and Phuket, as well as in Phi Phi island, Thailand; Sanya, Hainan Island, China; and Quy Nhon, Vietnam.