Outrigger to Invest US$100 Million to Revitalize Waikiki Resort

Outrigger is investing around US$100 million to revitalize the oceanfront Outrigger Reef on the Beach in Waikiki.

The planned renovation will open vistas to the ocean at Outrigger Reef on the Beach by razing an existing five-story structure located on the beach and replacing it with 34,000 square feet of open recreation space, inclusive of enhanced swimming pools, landscaped lounging areas and open-air dining facilities.

A new tower, set back from the shoreline, will add more than 200 full-service hotel rooms to the property.

"Outrigger is committed to its Hawaii roots and recognizes the importance of creating more full-service hotel rooms in Waikiki to maintain a competitive place among the world's best resort destinations," said David Carey, president and CEO of Outrigger Enterprises Group. "The quality of our hotel product, destination and service standards must continue to improve in order to keep pace with the evolving expectations of our guests and to provide unique experiences and authentic Hawaiian culture for our guests. We're now in the early planning stages of this much-needed revitalization and will be working closely with state and city officials for proper approvals."

Outrigger will also add 15,000 square feet of new meeting facilities to serve the currently underserved small to mid-size meetings market in Waikiki. Construction is slated to begin in 2017 and is estimated for completion in 2019.