Brookfield explores sale of luxury resort Atlantis Paradise in Bahamas

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Brookfield explores sale of luxury resort Atlantis Paradise in Bahamas
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By Jaiveer Shekhawat (Reuters) - Brookfield Asset Management is exploring the sale of Atlantis Paradise Island in the Bahamas, a source familiar with ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - 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.Atlantis Paradise is an ocean-themed luxury resort in the Bahamas which houses multiple hotels, a casino and a water park.

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