"Purchasing this major Maui resort is a great addition for us," said David Carey, president and chief executive officer of Outrigger Enterprises. "We continue to be optimistic on the future of Hawaii's visitor industry and this acquisition furthers our goal to operate full-service, beachfront hotels on Hawaii's major islands. The Outrigger Wailea Resort will join the Outrigger Waikoloa Beach Resort on the Big Island (formerly the Royal Waikoloan), the Outrigger Waikiki and Outrigger Reef hotels on Oahu and the Outrigger Kauai Beach in our portfolio of premier, beachfront hotels in Hawaii."

"The Outrigger Wailea Resort enjoys a prime location on the island of Maui and its many dedicated employees have earned it an outstanding reputation for hospitality and service. We are looking forward to working with the staff, the Wailea destination and the people of Maui to make a positive contribution to the visitor experience and to the hospitality industry," Carey added.

Situated on 22 acres of beautifully landscaped, oceanfront land located in the upscale Wailea Resort, the Outrigger Wailea Resort features three swimming pools, extensive food & beverage service, and a state of the art conference facility featuring 29 separate meeting rooms totaling over 45,000 square feet of meeting space. The ballroom accommodates up to 1500 people for meetings and up to 1100 for sit down meal functions. In a class by itself, when the ballroom's entire wall of drapes facing the ocean is fully drawn, unparalleled views of the Pacific Ocean are presented.

The extensive landscaped grounds, warm Hawaiian hospitality and predominantly low-rise building design create a relaxed and intimate feeling that brings many guests back year after year to the 516-room Outrigger Wailea Resort. Typical guest accommodations at the Outrigger Wailea Resort are spacious, well-appointed and feature a private lanai. Outrigger plans to complete substantial improvements in response to customer needs in the corporate meetings, incentive and family travel markets from North America, Europe and Japan, Carey said.

Outrigger Enterprises, Inc., is a diversified real estate investment company based in Honolulu, Hawaii. It is the parent company of Outrigger Hotels & Resorts, the largest lodging and hospitality company in Hawaii and the 50th largest in the world. Outrigger operates more than 9,000 rooms in 29 hotels and resort condominiums in Hawaii. The company also has properties open or under development in Australia, Palau, Guam, French Polynesia, Fiji and the Marshall Islands. Outrigger's affiliate, Outrigger Lodging Services, manages or has under development over 4,000 rooms in nearly two dozen hotels and resorts throughout the U.S. Mainland.
For reservations or information, call Outrigger Hotels & Resorts toll-free at 1-800 OUTRIGGER (1-800-688-7444) within the U.S., Guam and Canada. Outrigger's toll-free number also is available internationally via AT&T Direct 800 service. Elsewhere call 303-369-7777. Internet users can access information on Outrigger via the World Wide Web at www.outrigger.com. Outrigger's e-mail address is reservations @outrigger.com.