PRESS RELEASE
For Immediate Release
Brookfield Announces $1.93 Billion Refinancing and $475 Million Investment in Atlantis Paradise Island
Nassau, The Bahamas – August 21, 2025 – MAISON Bahamas is pleased to share news of a landmark investment in one of The Bahamas’ most iconic destinations. Brookfield Asset Management has announced the successful completion of a $1.93 billion refinancing of Atlantis Paradise Island, alongside a commitment to invest an additional $475 million into the property over the coming years.
This significant investment will begin with a full renovation of The Cove in 2026, including upgrades to guestrooms, public spaces, pools, and dining venues. Brookfield also outlined plans for a series of high-impact projects across the resort, designed to elevate the guest experience and strengthen Atlantis’ global competitive position.
As the largest private sector employer in The Bahamas, Atlantis currently employs approximately 6,200 team members, more than 20 percent of whom have been with the resort for over two decades. The new investment is expected to generate hundreds of construction jobs, expand long-term employment opportunities, and create meaningful pathways for skills development and career advancement within the Bahamian workforce.
“Atlantis Paradise Island remains a cornerstone of The Bahamas’ economy and a symbol of luxury hospitality,” said Brian Kingston, Executive Chair of Brookfield’s Real Estate business. “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.”
In addition to the planned renovation of The Cove, Brookfield is also evaluating opportunities across 46 acres of land adjacent to the resort and exploring redevelopment plans for the former Beach Tower.
The Honourable I. Chester Cooper, Deputy Prime Minister and Minister of Tourism, Investments & Aviation, welcomed the news, noting the substantial economic and social impact of the investment. “These initiatives provide meaningful opportunities for training, career advancement, and sustainable growth within our tourism sector. The Ministry of Tourism welcomes partnerships that strengthen workforce readiness and support long-term prosperity for Bahamians.”
Atlantis Paradise Island, first opened in 1994 and acquired by Brookfield in 2012, continues to stand as a world-class destination with nearly 4,000 rooms, 40 restaurants and bars, a marina, golf course, and acclaimed water park.
