Who Owns The Royal Towers?
The Royal Towers 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
1998
Status
Publicly Traded
Headquarters
Paradise Island, Bahamas
Who Owns The Royal Towers?
- Parent Company: Atlantis Resorts
- Ownership Type: Wholly owned
- Company Type: Privately Held
| Brand | Parent Company | Ownership Type |
|---|---|---|
| The Royal Towers | Atlantis Resorts | Wholly owned |
History of The Royal Towers
- Founded: 1998
- Founders: Sol Kerzner (Atlantis Resorts)
The Royal Towers opened on December 11, 1998, marking the official grand opening of Atlantis Paradise Island under the vision of South African hotelier Sol Kerzner. The towers represented the centerpiece of Kerzner's $800 million redevelopment of the former Paradise Island Hotel and Casino, transforming it into a world-class luxury resort destination.
The Royal Towers were designed to embody the mythological theme of Atlantis, with architectural elements and interior design inspired by the lost city. The towers featured luxury accommodations, multiple restaurants, entertainment venues, and direct access to the resort's water attractions and marine habitats.
Throughout its operation, The Royal Towers has undergone several renovations and updates to maintain its position as the resort's premier accommodation option. In 2024, Brookfield completed a major renovation of The Royal, redesigning guest rooms with a focus on Bahamian aesthetics while upgrading amenities and services.
The towers are home to the famous Bridge Suite, one of the world's most expensive hotel rooms, spanning the bridge between the two towers and offering panoramic views of the resort and ocean. The suite has become iconic in the luxury hospitality market and has hosted numerous celebrities and dignitaries.
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 Royal Towers 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...
- The Cove Atlantis - 600-suite luxury adults-only tower at Atlantis Paradise Island offering elevated...
- Harborside Resort at Atlantis - Villa-style accommodation complex at Atlantis Paradise Island featuring resident...
The Royal Towers Ownership: Pros & Cons
Advantages
- +Iconic luxury hotel with world-class amenities and services
- +Home to the prestigious Bridge Suite, a global hospitality landmark
- +Prime location within the Atlantis Paradise Island resort complex
- +Backed by Brookfield's significant financial resources and expertise
- +Continuous investment in renovations and facility upgrades
- +Strong brand recognition in the luxury resort market
Considerations
- -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
- -Seasonal demand fluctuations impacting occupancy rates
- -Premium pricing limiting accessibility to broader market segments
- -Dependency on Atlantis Paradise Island's overall resort performance
Frequently Asked Questions About The Royal Towers
Competitors to The Royal Towers
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 Royal Towers 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
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