NASSAU, BAHAMAS — Brookfield has completed a $1.93 billion refinancing of Atlantis Paradise Island, reinforcing its commitment to the iconic resort, its workforce, and the wider Bahamian economy, while also announcing plans to invest $475 million in capital projects over the next five years to enhance the guest experience and strengthen the resort’s competitive position.
Since 2020, Brookfield has invested more than $260 million in improvements, including a $150 million resort-wide transformation of The Royal guestrooms, a renovation of the Atlantis Casino, and several new food and beverage concepts, such as Paranza, led by Michelin-starred chef Michael White. These upgrades helped drive record-breaking visitation in 2024 and 2025—the highest in the resort’s history—highlighting strong guest demand.
Planned projects over the next five years include a full renovation of The Cove starting in 2026, upgrading guestrooms, public areas, pools, and dining venues, alongside other high-impact initiatives across the resort. These investments are expected to create hundreds of local construction jobs and support long-term employment opportunities for Bahamians. Atlantis remains the largest private sector employer in The Bahamas with approximately 6,200 team members, more than 20 percent of whom have served the resort for over two decades.
“We are proud of our longstanding investment in Atlantis and our partnership with the Government of The Bahamas,” 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. 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.”
Brookfield is also exploring strategic development opportunities across 46 acres adjacent to Atlantis and evaluating plans to redevelop the former Beach Tower.
Today, Atlantis Paradise Island features more than 3,800 rooms across five lodging options, over 40 restaurants and bars, an expansive marina, an 18-hole championship golf course, one of the world’s largest open-air marine habitats, and Aquaventure—a 141-acre water park.
