{"id":11432,"date":"2011-08-31T08:50:16","date_gmt":"2011-08-31T12:50:16","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=11432"},"modified":"2011-08-31T08:44:53","modified_gmt":"2011-08-31T12:44:53","slug":"kerzner-may-sell-atlantis-dubai","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2011\/08\/kerzner-may-sell-atlantis-dubai","title":{"rendered":"Kerzner May Sell Atlantis Dubai"},"content":{"rendered":"<div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-11434\" style=\"margin-left: 10px; margin-right: 10px;\" title=\"atlantis-dubai\" src=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2011\/08\/atlantis-dubai-250x156.gif\" alt=\"Atlantis Dubai\" width=\"250\" height=\"156\" srcset=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2011\/08\/atlantis-dubai-250x156.gif 250w, https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2011\/08\/atlantis-dubai-150x93.gif 150w, https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2011\/08\/atlantis-dubai.gif 800w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/>Luxury resort operator Kerzner International Holdings Ltd  may sell its 50 per cent stake in the Atlantis resort in Dubai to raise  money to restructure $2.6 billion in mortgage debt coming due next week,  the Wall Street Journal reported on Wednesday, citing sources.<\/p>\n<p>The Bahamas-based company is in talks to sell the stake to Istithmar  World, Dubai&#8217;s investment arm, people familiar with the matter told the  Journal.<\/p>\n<p>The sale, if consummated, could reap as much as $250-$350 million, the people said.<\/p>\n<p>The proceeds would go toward paying down a portion of the mortgage  debt on a separate Atlantis resort in the Bahamas, Kerzner&#8217;s flagship  property and one of the most popular resorts in North America, the  report said.<\/p>\n<p>Kerzner International has been in talks with creditors to extend maturities on its debt due next month.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Luxury resort operator Kerzner International Holdings Ltd may sell its 50 per cent stake in the Atlantis resort in Dubai to raise money to restructure $2.6 billion in mortgage debt coming due next week.<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[109,98,25],"class_list":["post-11432","post","type-post","status-publish","format-standard","hentry","category-business","tag-atlantis","tag-financial","tag-hotels"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/11432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=11432"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/11432\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=11432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=11432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=11432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}