**Brookfield Completes $1.93B Refinancing of Atlantis Paradise Island**
Brookfield has successfully finalized a $1.93 billion refinancing of Atlantis Paradise Island, its premier luxury resort located in the Bahamas. The financing was led by Citigroup, according to Bloomberg News.
Over the past five years, Brookfield has invested more than $260 million in capital improvements at the iconic property. Looking ahead, the company plans to inject an additional $475 million, which will include a comprehensive renovation of the Cove hotel. In addition, Brookfield is exploring new development opportunities across 46 acres of land adjacent to the current resort and is evaluating redevelopment plans for 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.”
Atlantis Paradise Island currently features more than 3,800 rooms across five distinct lodging options, over 40 restaurants and bars, a marina, an 18-hole championship golf course, one of the world’s largest open-air marine habitats, and a 141-acre water park.
