Waikiki, Honolulu, Hawaii (Vocus) October 17, 2008
David Carey, president and chief executive officer of Outrigger Enterprises Group , announced today that the company has been selected to develop and manage the Outrigger Qingshui Bay Resort, Sanya, China, a new 500 plus room, five-star, full service luxury hotel to be built as part of Qingshui Bay Resort, an exciting new, multi-billion dollar mixed use development being built on the island of Hainan in the People's Republic of China. Located along 7.5 miles of prime beachfront property within Hainan Island's Sanya Administrative Prefecture on the South China Sea, the Qingshui Bay Resort will feature six luxury hotels, a diverse range of residential apartments and villas, multiple championship golf courses and a comprehensive mix of commercial, retail and entertainment offerings.
"This is an extraordinary opportunity for Outrigger's first venture into China and to be a part of China's growing tourism industry," said Mr. Carey. "The Qingshui Bay Resort is one of the largest projects the area has seen in recent years. We are excited that the developers have selected Outrigger to be a part of such an expansive world class project. The Qingshui Bay Resort represents a strategic opportunity for Outrigger to build brand awareness by operating a flagship property in China's premier resort destination."
Qingshui Bay Resort is being developed by a joint venture between funds managed by Morgan Stanley and Agile Property Holdings Limited, a Hong Kong listed property developer specializing in large-scale, high end, design-oriented residential and resort developments. Overseeing the hotel component of the master planned project is Panorama Hospitality, a unit of Morgan Stanley specializing in hotel asset management, operating and advisory services in the Asia Pacific and Europe regions.
"We are pleased to have Outrigger join us in what will be one of China's premier leisure destination resorts," said Chen Zhuo Lin, Chairman of Agile. "Their experience and reputation, as well as its focus on warm weather, beachfront resort leisure destinations, made Outrigger a natural choice for our Qingshui Bay Resort.
The Outrigger Qingshui Bay Resort, which is slated for completion by 2013, will be one of six luxurious accommodation choices within the Qingshui Bay Resort. According to Darren Edmonstone, senior vice president-Asia for Outrigger Enterprises Group, Outrigger will be heavily involved in the design and development of the Outrigger Qingshui Bay Resort. "We will be leading the conceptual design and development planning and are currently in the process of putting together a team of world-renowned consultants to assist us in building a distinctive, world class property," Mr. Edmonstone said. Multiple food and beverage outlets, an exclusive beach club, extensive landscaping, including a variety of specialized water features and high end retail are all expected to be a part of the new Outrigger resort.
Located just off the southern coast of the People's Republic of China, Hainan is China's second largest island. Over the years it has developed into one of Asia's premier resort destinations. The island enjoys easy international access via Sanya Phoenix International Airport, servicing a growing number of domestic and international destinations, including Hong Kong, Seoul and Moscow.
Because of its expansive beaches, natural beauty and tropical setting, as well as its location along the same latitude as Hawaii, Hainan is sometimes referred to as the "Hawaii of China." Like Hawaii, visitors can enjoy an array of water sports, including scuba diving, snorkeling, water skiing and parasailing, as well as world class golf and cultural activities. There are also wildlife preserves with exotic animals and birds in the island's rainforests as well as geothermal hot springs across the island.
Outrigger's Asia Expansion
In the two short years since Outrigger began its growth into Asia, the company has acquired properties in Bali and Phuket, with discussions now underway for additional properties in Phuket and Koh Samui in Thailand. At the present time, Outrigger also is investigating other opportunities in Hua Hin, Krabi and Pattaya in Thailand, another location in Bali and several locations in Vietnam.
According to Mr. Edmonstone, "The fast-changing, highly-competitive leisure hospitality market requires specialized expertise and understanding, which Outrigger brings. Owners and developers of hospitality product in Asia are especially interested in our total focus on leisure resort properties in warm weather, beach front locations and our ability to provide a total management solution for hotel, timeshare, condominium and retail components of a resort," Mr. Edmonstone added.
About Outrigger Enterprises Group
Outrigger Enterprises Group is one of the largest and fastest growing privately-held leisure lodging and hospitality companies in the Asia Pacific and Oceania regions and continues to expand its presence throughout the area.
A family-owned company with more than 60 years of hospitality experience, Outrigger runs a highly-successful, multi-branded line of hotels, condominiums and vacation resort properties, including Outrigger® Hotels & Resorts, OHANA® Hotels & Resorts, Outrigger Condominium Collection®, Embassy Suites®, Best Western® and Wyndham Vacation Ownership®. Currently, Outrigger operates and/or has under development 47 properties with close to 12,000 rooms located in Hawaii, Australia, Guam, Fiji, Bali and Phuket, Thailand.
Outrigger Enterprises Group also operates and develops hotel properties and hospitality-related retail and real estate opportunities for partners in Hawaii, the Pacific, the mainland USA and Asia. For on-line information, log on at http://www.outriggerenterprisesgroup.com and http://www.outrigger.com.
*Embassy Suites is a registered trade mark of Hilton Hotels Corporation.
About Agile Property Holdings Limited
Agile Property Holdings Limited (Stock code:3383), is a Hong Kong-listed company, which focuses on property development and operations, and has extensive involvement in property management and decoration services, as well as a renowned brand name nationwide. Agile is one of the few developers that is included in Morgan Stanley Capital International China Index and the Hang Seng Composite Index and Hang Seng Freefloat Composite Index.
Relying on its outstanding management team and operational strategies, Agile's pursuit of global living standards and perfection has never wavered since the birth of its first project in 1992. From its international architectural vision to "develop our future with vision and enthusiasm," Agile's strong brand is built and experience of property development is accumulated through fierce competition in the market that makes Agile the leading brand name among property developers in Greater China Region.
Currently, the Group has projects in more than 20 cities, including Zhongshan, Guangzhou, Foshan, Jiangmen, Heyuan, Huizhou, Shanghai, Nanjing, Chengdu, Chongqing, Xian, Shenyang, and Hainan. Agile develops various types of properties including low density apartments, villas and commercial buildings to satisfy its customers' needs.
For more information about Agile, please visit http://www.agile.com.cn .
Nancy Daniels, APR, Director of PR
Outrigger Enterprises Group
Email: nancy.daniels @ outrigger.com