Deals
Kerzner Hands Atlantis Bahamas to Brookfield in Debt Deal
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Kerzner International Holdings Ltd., the company that built Atlantis resorts in the Bahamas and Dubai, handed ownership of its flagship property to Brookfield Asset Management as part of a debt restructuring.
Brookfield will forgive $175 million of junior debt for ownership of the Bahamas-based Atlantis and the Bahamas One&Only Ocean Club, as well as a half interest in the One&Only Palmilla in Mexico, according to a statement obtained by Bloomberg News.