Atlantis Resorts is reportedly nearing a deal to construct a $2bn luxury retreat in Hawaii that will be the most expensive resort ever built. Citing sources close to the situation, Hawaii News Now reported the resort chain is in the process of finalizing a deal to construct a resort in Ko Olina, Hawaii.
Ko Olina is set on two miles of coastline, with a number of idyllic beaches and natural lagoons. It is already home to three resorts, private residences, an 18-hole golf course which hosts an annual LPGA tournament, and a marina.
Originally announced back in 2005, the project stalled. However, sources now tell HNN the company is nearing an agreement to build the resort on 15 acres of land on the Diamond Head side of Disney’s Aulani Resort.
While sources are optimistic a deal will get done, there’s no timetable for the project as it will still have to pass through several permitting and regulatory processes.
The company’s portfolio already includes the five-star Atlantis, The Palm resort in Dubai, and it is building a luxury resort in China. Atlantis Resorts’ entry into the U.S. could result in the world’s most expensive resort.
Atlantis Resorts’ ocean-themed retreat in Hawaii will have amenities that are similar to those at Atlantis, The Palm. The resort is likely to feature hotel, condo and timeshare units. An interactive aquarium is likely to highlight the resort’s attractions.
“This aquarium will look as the ocean looks. It’ll look as the sea looks today,” said Ko Olina developer Jeff Stone during a 2005 news conference when the project was first announced. “You’ll be able to view it underneath. You’ll be able to interact with it, actually swim through it, and you’ll be able to learn from it in a natural setting.”
The resort will also include rooms that look into a giant aquarium filled with marine life, a shark habitat, and a spot where guests can swim with dolphins.