$600M Expansion Planned for Atlantis Resort

PARADISE ISLAND, BAHAMAS-Publicly traded Kerzner International Limited says it has reached agreement with the government of The Bahamas for a $600-million expansion of its flagship resort, Atlantis, Paradise Island. Leveraging its investment in infrastructure during the project’s second phase, completed in 1998, phase three will add a 1,200-room hotel and many other amenities, according to Kerzner, which has already invested more than $1 billion in the 2,300-room resort.

In addition to new hotel at Pirate’s Cove, the project calls for: a new dolphin encounter; four new restaurants around the Atlantis Marina; three new villas at the One&Only Ocean Club; 120 new two-bedroom suites at the timeshare project Harborside at Atlantis; at least 50,000 sf of new convention and meeting space; and the right to develop a new 18-hole golf course in partnership with the government on Athol Island, which lies just east of Paradise Island.

“This is an ambitious project and we are convinced that to remain successful we must continue to add new and exciting attractions,” said Sol Kerzner, Chairman and Chief Executive Officer of Kerzner International, which develops and operates premier destination casino resorts and luxury hotels. “We believe that success is built upon keeping our product at the leading edge of the resort industry.”