of the Outrigger Keauhou Beach Resort
Hawaii, June, 9, 2006 – Warnick & Company, LLC, acting as an investment
advisor, represented Bishop Holdings Corporation in the acquisition of
the Outrigger Keauhou Beach Resort located on the world-renowned Kona Coast.
This 311-room, full-service resort hotel is the centerpiece of the community of Keauhou and is expected to be renovated and repositioned in the near future. The Hotel is operated by Outrigger Hotels & Resorts and offers two restaurants, a lounge, a health club, and an ocean-side pool. The Hotel’s most distinguishing characteristic, however, is its setting 40 feet into the Pacific Ocean overlooking a Green Turtle preserve.
Warnick & Company acted in an advisory and due diligence capacity during the acquisition and is providing ongoing asset management and strategic planning services.
About Warnick & Company
Warnick & Company is a strategic advisory firm that specializes in lodging and recreational real estate. The firm provides consulting, asset management, investment banking, and development management services to investors, developers, financial institutions, hotel companies, and governmental agencies. With offices in Chicago, Los Angeles, New York, and Phoenix, the firm enjoys a national presence, but retains its boutique, client-driven focus.
Thomas F. Morone
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