BREAKING NEWS <<<
Kerzner’s ATLANTIS TAKEN OVER!!!! The company this morning has been taken over by Brookfield a Canadian traded company.
Prime Minister Rt. Hon. Hubert Ingraham has just issued a statement following his Cabinet Meeting this morning.
The PM said:
I am 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 fuller statement on the matter when Parliament meets this afternoon. Kerzner is also expected to hold a press conference in just over an hour from now.
We can tell you all properties including the Ocean Club have gone in the fire sale.
Atlantis we all know was in a heap a trouble when this summer the company could not meet its debt obligations with creditors. We are not sure how the takeover will affect staff at the Resort, but we do know that occupancy this year has being troubling.
Kerzner’s Atlantis taken over by its real owners. What spin will Papa put on this now…
We report yinner decide