**Brookfield Completes $1.93B Refinancing of Atlantis Paradise Island**
Brookfield has finalized a $1.93-billion refinancing of Atlantis Paradise Island, its premier luxury resort located in the Bahamas. According to Bloomberg News, the financing was led by Citigroup.
Over the past five years, Brookfield has committed more than $260 million toward capital improvements at Atlantis and has unveiled plans to invest an additional $475 million. This future investment includes a full renovation of The Cove, one of the resort’s exclusive hotel towers. Additionally, the company is exploring new development opportunities across 46 acres of land adjacent to the main resort and is reviewing plans to redevelop the former Beach Tower.
“This refinancing positions us to continue enhancing the guest experience, creating jobs, and ensuring that Atlantis remains a vital contributor to the Bahamian economy for years to come,” said Brian Kingston, executive chair of Brookfield’s real estate business. “We believe strongly in the future of luxury hospitality, and Atlantis exemplifies our strategy of owning and operating iconic, market-leading properties in premier global destinations.”
Today, Atlantis Paradise Island spans over 3,800 guest accommodations spread across five distinctive hotel offerings. The resort also features more than 40 restaurants and bars, a state-of-the-art marina, an 18-hole championship golf course, one of the world’s largest open-air marine habitats, and a 141-acre water park.
