Nassau, Bahamas - (29th November,
2011
) Prime Minister Hubert Ingraham
advised this afternoon that Kerzner intends to transfer its ownership
of the Atlantis Resorts and Paradise Island properties including the
One and Only Ocean Club to Brookfield, a Canadian publicly-traded company
with some $159 billion in assets. He said that Brookfield has
many years of operating experience and more that $69 billion of property
assets giving them special expertise in real estate. The Atlantis
Resort property will continue to be managed and operated by Kerzner
International.
The Prime Minister said that
he would make a full statement on the matter when Parliament meets
this afternoon.
Related article:
Prime Minister Ingraham Addresses Parliament on the Transfer of Ownership of Kerzner International Properties
Kerzner Hands Atlantis
Bahamas to Brookfield in Debt Deal
