A US$2 billion Atlantis Resort could be headed for the Pacific after a real estate development company purchased two oceanfront parcels at Ko Olina Resort in Kapolei, Hawaii.
The acquisition could fast-track long-delayed plans to develop the Atlantis Resort on one of the properties, according to bizjournals.com.
Jeff Stone, CEO and president of The Resort Group, told media that the development timeline for building both hotels concurrently is about five years, and will cost about $2 billion (AU$3.2b) to build the Atlantis Resort, which would be the first in the US.
The Atlantis brand’s extravagant resorts include The Palm, located on the iconic Palm Jumeirah in Dubai.
The Hawaii property, situated between…
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