The agreement between OUTRIGGER and Twin Towns includes Outrigger managing the four-and-a-half-star resort’s two highrise hotel towers – the 12-month-old Harbour Tower of 197 suites and the original Ocean Tower with 116 hotel rooms and approximately 30 suites. A $1 million (AUD 1.2 million) refurbishment of the Ocean Tower is to take place following the area's upcoming high season.

Located at the twin towns of Coolangatta and Tweed Heads, astride the border of Queensland and New South Wales, the resort is only a few minutes’ walk from Coolangatta Beach and the Tweed River, as well as the area’s many visitor attractions and charter boat operators.

Pending approval by Twin Towns Services Club members and owners, Outrigger will assume management of the resort's Harbour and Ocean Towers beginning November 1. Twin Towns Services Club’s gaming, entertainment, conference and food and beverage facilities will stay under the Club’s control.

“Outrigger has a long and proven history in the surrounding area having previously managed large-scale resorts in Coolangatta and on the Tweed Coast. The company’s previous operations, awareness and performance were stand-out factors to the Club’s Board recommending Outrigger,” Mr Smith said.

Outrigger Enterprises Group continues its Pacific push with the announcement earlier in the week that it had reached an agreement in principle with joint venture developers Leighton Properties and the Macquarie Group of Companies to manage the AUD300+ million Viridian Resort & Spa. This deluxe, 192 unit resort condominium is currently under construction in the resort town of Noosa, located along Australia's Sunshine Coast in the eastern state of Queensland. When it opens in 2009, the property will be branded the Outrigger Viridian Resort & Spa.

 According to Mr. Carey, this week’s agreement heralds a busy period for Outrigger’s Australian operations. "Cliff Olson and his team have done a tremendous job pulling together and finalizing our agreement with the Viridian Resort & Spa project and now the Twin Towns contract. But this is just the beginning, and we can look forward to further resort signings expected within the next six months plus the new five-star Outrigger O-CE-N Bali Resort scheduled to open this December."