Reports suggest Kerzner International is exploring the possibility of selling its stake in the Atlantis resort in Dubai as it seeks to restructure its debts.<\/p>\n
The conglomerate presently holds a 50 per cent stake in the development as part of a wider luxury travel portfolio.<\/p>\n
The company has debts running to $2.6 billion, with the proceeds of any sale likely to be used to pay down the debt on the Atlantis Resort on Paradise Island in The Bahamas.<\/p>\n
According to reports in the Wall Street Journal, Istithmar World has been lined up as a potential purchaser of the stake.<\/p>\n
Estimates suggest the sale could net Kerzner upward of $250 million.<\/p>\n
Owned by the Dubai government, Istithmar World already owns 50 per cent of the Dubai Atlantis.<\/p>\n
Additionally they own a 31 per cent stake in Kerzner.<\/p>\n","protected":false},"excerpt":{"rendered":"
Reports suggest Kerzner International is looking at the possibility of selling its stake in the Atlantis resort in Dubai as it seeks to restructure its debts.<\/p>\n","protected":false},"author":14,"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":[109,153,98,25],"class_list":["post-11629","post","type-post","status-publish","format-standard","hentry","category-business","tag-atlantis","tag-business-2","tag-financial","tag-hotels"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/11629","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\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=11629"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/11629\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=11629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=11629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=11629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}