PARADISE ISLAND, Bahamas -- Kerzner International, the company
behind the 2,317-room Atlantis resort complex here, has been busy.
On the heels of announcements that the firm will spend another
$600 million on Paradise Island expansions and will develop a $650
million Atlantis-like property in Dubai comes news that the firm
will acquire the assets of Club Med, Paradise Island for $40
Club Med will continue to operate the 306-room, 20-acre property
until Kerzner takes possession in late 2004.
Club Med, Paradise Island borders the proposed site of a new
1,200-room hotel that is part of Kerzner's recently announced
To contact reporter Gay Nagle Myers, send e-mail to [email protected].