Pacific Business News (Honolulu) - 3:53 PM HAST Friday
Outrigger Enterprises Group is taking its Pacific expansion further west, with the announcement that the Honolulu-based company will manage a new luxury resort to be built in the Republic of Palau.
The $40-million beachfront resort, the Outrigger Palau Resort, Spa and Hotel, will be built near Echang village on the island of Koror and will have 100 hotel rooms, 50 condominium villas and 10 bungalows built over the water. It is expected to be completed in late 2009.
It will be Outrigger's second property in the Pacific nation. In 1995, Outrigger worked to develop the former Outrigger Palasia Hotel Palau with developer Alan Seid, chairman of Micronesia Investment and Development Corp., which is working on the new project along with Agor Development Group.
It will be Outrigger's second property in the Pacific nation. In 1995, Outrigger worked to develop the former Outrigger Palasia Hotel Palau with developer Alan Seid, chairman of Micronesia Investment and Development Corp., which is working on the new project along with Agor Development Group.
"We're delighted to be returning to Palau," said David Carey, president and CEO of Outrigger Enterprises Group. "Our company's initial steps to take the Outrigger brand beyond the shores of Hawaii began over a decade ago when we signed our first offshore agreement with Alan Seid and MIDCORP to assist in the development and opening of the former Outrigger Palasia Hotel Palau."
Seid said the Outrigger project is on target with the government's efforts to attract higher-spending visitors to Palau.
"Additionally, the people of Palau will benefit economically with the jobs the project will bring and the visitors the Outrigger Palau Resort will attract," Seid said.
"Additionally, the people of Palau will benefit economically with the jobs the project will bring and the visitors the Outrigger Palau Resort will attract," Seid said.
