Brookfield The oceanside resort Atlantis Paradise Island in The Bahamas has been refinanced for $1.93 billion.
Brookfield has spent more than $260m in the last 5 years to improve the resort. Recent capital projects have included a $150 million resort-wide renovation of The Royal’s guestrooms, a renovation to the Atlantis Casino, and several new food-and-beverage concepts, including Paranza led by Michelin starred chef Michael White. These enhancements helped drive record visitation in 2024 and 2025—the highest in the resort’s history.
The company has plans for an additional capital improvement of $475 million over the next 5 years. This includes a full renovation of The Cove starting in 2026—upgrading guestrooms, public areas pools and dining venues—as well as a series of high-impact projects across the resort aimed at elevating the guest experience and strengthening Atlantis’ competitive position.
This investment will create hundreds of new construction jobs for Bahamians and provide them with long-term employment. Atlantis has approximately 6,200 employees, making it the largest employer in The Bahamas. Atlantis employs more than 20% of its employees for over two decades.
Brian Kingston is the executive chairman of Brookfield Real Estate. He said, “We’re proud of Atlantis as well as our partnership with The Bahamas.” This refinancing allows us to enhance the guest experience and create jobs, while ensuring Atlantis continues to be a major contributor to the Bahamian economic growth for many years to come. Atlantis represents our belief in the future luxury hospitality. It is an example of how we plan to operate iconic, market leading properties in global destinations.
Brookfield also explores strategic development opportunities on 46 acres adjacent to Atlantis, and evaluates plans to redevelop Beach Tower.
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