Brookfield Asset Management Ltd. is exploring the sale of Atlantis Paradise Island Bahamas, and could fetch roughly $2.5 billion for the luxury resort, according to people with knowledge of the matter.
The firm is working with an adviser to solicit potential interest in the sprawling property, which includes multiple hotels, a casino, meeting space and a water park, said the people, who asked not to be identified discussing confidential talks. A Brookfield spokeswoman declined to comment.
Brookfield, which manages around $850 billion of assets, has owned Atlantis since a 2012 debt restructuring. The resort, developed by the late South African hotelier Sol Kerzner, has hosted New Year’s Eve events headlined by performers including Fergie and Sting. Brookfield has spent $100 million on renovations on Atlantis, and explored selling it in 2019, Bloomberg News reported at the time, before the effort was halted by the pandemic.
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