This Hotel Company Is Spending a Quarter Billion Dollars to Renovate Across All Four Hawaiian Islands
Outrigger Hospitality Group is pouring $250–300 million into its Hawaii portfolio, including a $100 million overhaul of its flagship Waikiki property.
Outrigger Hospitality Group is in the middle of a $250–300 million renovation campaign spanning all four major Hawaiian islands. The investment signals a strong bet on Hawaii’s ongoing recovery from the pandemic and the 2023 Maui wildfires.
The Flagship Overhaul
The centerpiece is a $100 million renovation of the 524-room Outrigger Waikiki Beach Resort, which is targeted for completion by October 2026. It marks the fourth major Waikiki renovation the company has undertaken since 2018, reflecting a strategy of continuous reinvestment in Hawaii’s most visited destination.
All Four Islands, One Strategy
Since 2022, Outrigger — owned by KSL Capital Partners — has acquired resorts on Kauai (Outrigger Kauai Beach Resort and Spa), the Big Island (Outrigger Kona Resort and Spa), and Maui (Outrigger Ka’anapali Beach Resort). The acquisitions achieved a long-held company goal: having an Outrigger-branded resort on each of Hawaii’s four main islands.
Each of those newly acquired properties has renovation plans in the pipeline, bringing the total investment across the portfolio to the $250–300 million range. The scale of the spend is notable for a single brand in a single state.
Reading the Signal
Hawaii’s hotel industry has been on uneven footing since the Maui wildfires temporarily depressed travel to the state. Outrigger’s aggressive reinvestment suggests the company sees the recovery as durable enough to justify generational-level capital expenditure across its entire Hawaiian footprint.