Brookfield completed the $1.93 billion refinancing of Atlantis Paradise Island, the oceanside resort in The Bahamas. The new financing supports continued investment in the Bahamian resort, local economy and long-term job creation, according to Brookfield.
Over the past five years, Brookfield has invested more than $260 million to enhance Atlantis’ position. Recent capital projects include a $150 million resort-wide transformation of the guestrooms at The Royal, a renovation of the Atlantis Casino, and several new food and beverage concepts including Paranza, led by chef Michael White. These enhancements helped drive record visitation in 2024 and 2025 - the highest in the resort’s history – underscoring strong guest demand generated by Brookfield’s continued investment.
Brookfield is planning an additional $475 million in capital improvements over the next five years. This includes a full renovation of The Cove starting in 2026—upgrading guestrooms, public areas, pools and dining venues—as well as a series of high-impact projects across the resort aimed at elevating the guest experience and strengthening Atlantis’ competitive position.
Atlantis is the largest private sector employer in The Bahamas, with approximately 6,200 team members. More than 20 percent of Atlantis employees have been with the resort for over two decades.
“We are proud of our longstanding investment in Atlantis and our partnership with the government of The Bahamas,” Brian Kingston, executive chair of Brookfield’s Real Estate business, said in a statement. “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 of land adjacent to Atlantis and evaluating plans to redevelop the former Beach Tower.
Atlantis Paradise Island has more than 3,800 rooms across five distinct 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.