Chinese Developer Abandons Plans For Atlantis Resort in Hawaii
Photo Caption: A render of the proposed Atlantis Ko Olina resort.
Skift Take
It would have been the first Atlantis resort in the U.S., but now the developer is in liquidation and the land is for sale.
The proposed multi-billion-dollar Atlantis resort in Hawaii shows no signs of life after the company entrusted to build it went into liquidation last month, according to a filing on the Hong Kong exchange.
That company, Chinese developer Oceanwide, entered into an agreement in 2016 with Atlantis brand owner and operator Kerzner to build the Atlantis Ko Olina.
Oceanwide paid $280 million for the land on Oahu. But last year, it said it would sell the land to pay off debts. There are no takers yet.
The proposed hotel was set to cost billions and was no less ambitious than the world-famous Atlantis, The Palm resor
