The international developer of destination
resorts, casinos and luxury hotels handed control of the 2,900 - room Atlantis
Paradise Island, One & Only Ocean Club in the Bahamas and the 172 - room One & Only Palmilla in
Lost Cabos, Mexico to Brookfield Asset Management as part of a debt restructuring plan.
After completing the
Lost Palace at Sun City in December of 1992, Kerzner realised he needed a new challenge: «With that, we bought the
Paradise Island
resort in the Bahamas, where we built Atlantis.»