The firm is working with an adviser to solicit potential interest in the sprawling resort, which includes multiple hotels, a casino and more than 10 swimming pools, said the people, who asked not to be identified because the talks are private. A representative for Toronto-based Brookfield declined to comment.
Brookfield obtained ownership of the Atlantis -- which was developed by South African hotelier Sol Kerzner and has hosted New Year’s Eve events headlined by artists including Fergie and Sting -- through a 2012 debt restructuring. The firm held aborted Atlantis deal talks with New York’s Ashkenazy Acquisition Corp., Nassau’s Tribune 242 reported in February. Last year, it refinanced $1.85 billion of debt on the resort, according to Morningstar Credit Ratings.
The Atlantis competes with Baha Mar, a mega-resort complex that Bloomberg Pursuits reviewed last May.
Brookfield has been active in the Bahamas previously, selling the One&Only Ocean Club on Paradise Island to Len Blavatnik’s Access Industries in 2014.