Advertisement
Singapore markets close in 5 hours 34 minutes
  • Straits Times Index

    3,453.91
    +16.65 (+0.48%)
     
  • Nikkei

    39,676.34
    +77.34 (+0.20%)
     
  • Hang Seng

    17,622.24
    -13.64 (-0.08%)
     
  • FTSE 100

    8,198.78
    +43.06 (+0.53%)
     
  • Bitcoin USD

    67,579.14
    -396.94 (-0.58%)
     
  • CMC Crypto 200

    1,390.59
    -14.74 (-1.05%)
     
  • S&P 500

    5,564.41
    +59.41 (+1.08%)
     
  • Dow

    40,415.44
    +127.91 (+0.32%)
     
  • Nasdaq

    18,007.57
    +280.63 (+1.58%)
     
  • Gold

    2,398.50
    +3.80 (+0.16%)
     
  • Crude Oil

    79.95
    +0.17 (+0.21%)
     
  • 10-Yr Bond

    4.2600
    +0.0210 (+0.50%)
     
  • FTSE Bursa Malaysia

    1,629.16
    +7.09 (+0.44%)
     
  • Jakarta Composite Index

    7,324.64
    +2.67 (+0.04%)
     
  • PSE Index

    6,695.38
    -16.67 (-0.25%)
     

Brookfield explores sale of luxury resort Atlantis Paradise in Bahamas - source

By Jaiveer Shekhawat

(Reuters) - Brookfield Asset Management is exploring the sale of Atlantis Paradise Island in the Bahamas, a source familiar with the matter told Reuters on Thursday.

The Toronto-based asset manager is working with an adviser to solicit potential interest in the property, and could fetch roughly $2.5 billion for the luxury resort, the source said.

Brookfield took over Atlantis in late 2011 when its previous owner Kerzner International transferred ownership in a debt-for-equity restructuring deal. Brookfield at that time exchanged $175 million worth of Kerzner International's debt in return.

ADVERTISEMENT

Brookfield Asset Management declined to comment.

Bloomberg News first reported the development.

Atlantis Paradise is an ocean-themed luxury resort in the Bahamas which houses multiple hotels, a casino and a water park.

(Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Shailesh Kuber)