Outrigger buys a Thai hotel company; Add three complexes to his portfolio
(July 19, 2021)
Outrigger has completed the acquisition of the Manathai Hotels and Resorts brand, which includes three resorts in southern Thailand.
The resorts consist of 372 keys in Khao Lak, Phuket and Samui.
Outrigger will refresh former Manathai Koh Samui, Manathai Khao Lak and Manathai Surin Phuket before changing its name and reopening by the end of the year as Outrigger Koh Samui Beach Resort, Outrigger Khao Lak Beach Resort and Phuket Manathai by Outrigger.
âThis acquisition trio demonstrates our confidence in the Thai tourism industry and our commitment to the global expansion of Outrigger’s leisure complex portfolio,â said Jeff Wagoner, President and CEO of Outrigger Hospitality Group. . “Our past success in Thailand stems from celebrating the unique cultural aspects of the destination – which we plan to continue at the three new properties.”
The 148-key Koh Samui Outrigger is located on Lamai Beach on the east coast of Thailand’s second largest island, a 70-minute flight from Bangkok and 55 minutes from Phuket. The property has 34 suites, a spa, three restaurants, a kids’ club, and a variety of event spaces.
In Khao Lak, a 75-minute drive north of Phuket Airport, the 158-key Outrigger Khao Lak is located on Bang Sak Beach. The property has two restaurants, a bar, an expansive pool with ocean views, and a kids’ club.
In Phuket, 30 minutes south of the international airport, the Phuket Manathai by Outrigger is located on Surin Beach, a short walk from many restaurants, shops and entertainment venues. The property has a main restaurant, a poolside bar and a spa. More than half of the 66 rooms are suites.
Details of the acquisition were not disclosed.