Who Owns The Cove Atlantis?
The Cove Atlantis is owned by Atlantis Resorts, which is owned by Brookfield Asset Management and the Bahamian government. Brookfield acquired Atlantis Resorts in 2012 and operates the resort through a complex ownership structure. Brookfield is publicly traded on NYSE under ticker BAM and headquartered in Toronto, Canada.
Parent Company
Atlantis Resorts
Founded
2007
Status
Publicly Traded
Headquarters
Paradise Island, Bahamas
Who Owns The Cove Atlantis?
- Parent Company: Atlantis Resorts
- Ownership Type: Wholly owned
- Company Type: Privately Held
| Brand | Parent Company | Ownership Type |
|---|---|---|
| The Cove Atlantis | Atlantis Resorts | Wholly owned |
History of The Cove Atlantis
- Founded: 2007
- Founders: Sol Kerzner (Atlantis Resorts)
The Cove Atlantis opened in March 2007 as part of a major expansion of Atlantis Paradise Island under the vision of Sol Kerzner and Kerzner International Limited. The tower was developed to provide a luxury, adults-only experience within the broader family-oriented resort, catering to couples and guests seeking a more tranquil, sophisticated atmosphere.
The Cove was designed as a 600-suite luxury tower offering elevated accommodations and exclusive amenities. The development represented a significant investment in expanding Atlantis Paradise Island's appeal to the luxury travel market and diversifying the resort's accommodation options.
The tower features contemporary design elements, private pools, and exclusive access to amenities that distinguish it from the family-focused areas of the resort. The Cove quickly established itself as the premium accommodation option within Atlantis Paradise Island, appealing to discerning travelers seeking luxury and privacy.
Under Brookfield's ownership since 2012, The Cove has continued to receive investments in facility upgrades, enhanced services, and renovated accommodations. The adults-only tower maintains its position as Atlantis Paradise Island's most exclusive accommodation option, with ongoing investments in maintaining its luxury standards.
About Atlantis Resorts
Who owns Atlantis Paradise Island in the Bahamas?
Atlantis Paradise Island in the Bahamas is owned by Brookfield Asset Management following a 2012 debt-for-equity restructuring with Kerzner International. The property is operated by Marriott International under a management agreement. Kerzner International no longer owns or operates the Bahamas property.
Who owns the Atlantis resorts in Dubai?
Atlantis The Palm and Atlantis The Royal in Dubai are owned and operated by Kerzner International, a private luxury hospitality company headquartered in Dubai. Kerzner International also owns Atlantis Sanya in China and the One&Only resort brand.
Is Atlantis publicly traded?
No. Neither Brookfield's Atlantis Paradise Island operation nor Kerzner International is separately publicly traded as an Atlantis entity. Brookfield Asset Management itself is publicly traded on the NYSE and TSX under BAM, but the Atlantis property is one asset within its broader portfolio.
When was Atlantis founded?
Atlantis Paradise Island in the Bahamas opened in 1994 under Sol Kerzner's development. The resort expanded through the 1990s and 2000s. Atlantis The Palm in Dubai opened in 2008, and Atlantis The Royal opened in 2023.
How many Atlantis resorts are there?
There are four Atlantis-branded resorts: Atlantis Paradise Island (Nassau, Bahamas), Atlantis The Palm (Dubai), Atlantis The Royal (Dubai), and Atlantis Sanya (Hainan, China).
What is Aquaventure?
Aquaventure is the water park brand operated at Atlantis properties, featuring water slides, a lazy river, wave pools, and other water attractions. Aquaventure operates at Atlantis Paradise Island in the Bahamas and at Atlantis The Palm in Dubai.
- Founded: 1994
- Headquarters: Paradise Island, Bahamas (Atlantis Paradise Island); Dubai, UAE (Kerzner International)
- Company Type: Privately Held
Where Is The Cove Atlantis Made / Based?
- Headquarters: Paradise Island, Bahamas
- Manufacturing / Operations: Bahamas, United States, Canada
Brands Owned by Atlantis Resorts
- Aquaventure Waterpark - 141-acre water park at Atlantis Paradise Island featuring high-speed slides, riv...
- Dolphin Cay - 14-acre marine habitat and conservation center at Atlantis Paradise Island offer...
- The Beach Tower - Former hotel tower at Atlantis Paradise Island that was closed in 2021 and acqui...
- Harborside Resort at Atlantis - Villa-style accommodation complex at Atlantis Paradise Island featuring resident...
- The Royal Towers - Iconic hotel towers at Atlantis Paradise Island featuring luxury accommodations,...
The Cove Atlantis Ownership: Pros & Cons
Advantages
- +Exclusive adults-only luxury experience within family resort
- +Premium accommodations with sophisticated design and amenities
- +Private pools and exclusive access to luxury facilities
- +Backed by Brookfield's significant financial resources and expertise
- +Continuous investment in facility upgrades and enhanced services
- +Strong positioning in the luxury Caribbean resort market
Considerations
- -Adults-only policy limiting family market appeal
- -High operational costs for luxury hotel maintenance and services
- -Weather dependency affecting outdoor operations in hurricane-prone region
- -Intense competition from other Caribbean luxury resorts
- -Premium pricing limiting accessibility to broader market segments
- -Dependency on Atlantis Paradise Island's overall resort performance
Frequently Asked Questions About The Cove Atlantis
Competitors to The Cove Atlantis
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Finns Bali Group | Indonesia | 2012 | Mass Market | Global | Male |
Competitive Analysis
Market Positioning: The Cove Atlantis competes with 1 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
Jobs at Atlantis Resorts
Latest News About The Cove Atlantis
Related Articles About The Cove Atlantis
View more articles
Monthly M&A Roundup: February 2026 Brand Ownership Changes
From Keurig Dr Pepper's planned split to the Netflix-WBD saga, here is every major brand ownership change and deal in February 2026.
The Most Acquired Categories: Tech vs CPG vs Pharma
Which industries see the most brand acquisitions? We compared technology, consumer goods, and pharmaceuticals to find out where the most M&A activity happens and why.
The Truth About 'Made in America' Brand Claims
Many brands market themselves as American-made. But what does that actually mean when the parent company is foreign, the parts come from overseas, and 'assembled in USA' is not the same as 'made in USA'?
People Also Searched
Discover popular brands and companies in the Travel & Hospitality category and related searches from other users.
Agoda
Singapore-based online travel platform and hotel booking service specializing in Asian markets with global expansion, offering accommodations, flights, and travel packages.
Aquaventure Waterpark
141-acre water park at Atlantis Paradise Island featuring high-speed slides, river rides, swimming pools, and marine habitats.
Booking.com
Dutch online accommodation booking platform and digital travel technology company that specializes in hotel reservations and lodging bookings worldwide.