Outrigger Signs Agreement to Acquire 254-Room Laguna Beach Resort in Phuket

Outrigger Hotels and Resorts has entered into an agreement to acquire the 254-key Laguna Beach Resort, located in the renowned Laguna Phuket integrated resort on Bang Tao Bay in the northwest coast of Phuket, Thailand.

The transaction is scheduled to close in the first quarter of 2013.

"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. "The addition of this iconic resort positions Outrigger extremely well in the growing Asia Pacific region. The combination of the Laguna Beach Resort, with our existing management of the Outrigger Laguna Phuket Resort and Villas and the idyllic Outrigger Phi Phi Island Resort and Spa, creates exciting opportunities for guests who desire a luxury experience in premier leisure destinations in Asia."

Originally opened in 1991, the Laguna Beach Resort is nestled between a tropical lagoon and the Andaman Sea. The resort features amenities that include a spa, tennis courts, meeting and conference rooms, a wedding chapel, extensive water features and a resort pool.

Each of the 254 rooms features a private balcony, while a fully-equipped kids club makes the resort a suitable choice for families.

The resort is just 20-minutes from the airport and Patong Beach, and 25-minutes from Phuket town.

The property is currently undergoing a major renovation of all of its rooms and public areas and is expected to reopen early in the second quarter of 2013.

The Laguna Beach Resort will be the second Outrigger property in Laguna Phuket, joining the Outrigger Laguna Phuket Resort and Villas, which it has managed since August 2009.

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