Marriott International announced that the Atlantis Paradise Island, Bahamas will become part of its Autograph Collection, a growing portfolio of more than 60 independent hotels in key locations across the globe. The 3,400-room Atlantis Paradise Island, Bahamas will operate under a franchise agreement with Marriott. This marks the collection's first member resort in the Bahamas and will be the largest hotel in the portfolio. The property, which is owned by Brookfield Asset Management and independently managed, is expected to officially join the Autograph Collection in the fall. "Having Atlantis Paradise Island join our Autograph Collection is a milestone achievement for the brand and the company," says Arne Sorenson, president and CEO of Marriott International. "We are excited to partner with Brookfield and put the full power of Marriott behind one of the world's most spectacular and popular resorts, while adding to our global resort portfolio in a key destination where we know our guests want to travel." Marriott International opened nearly 26,000 new rooms, signed a record 387 projects with 67,000 rooms, and at year-end had more than 195,000 rooms under development across five continents. "This is a significant milestone for us today as Marriott International not only marks its entry into the Bahamas, but also celebrates our 80th hotel in the Caribbean and Latin America's rapidly growing portfolio," says Craig Smith, president of the Caribbean and Latin America region for Marriott International. "This is an exciting time for hotel development in the region, where we have more than 50 hotels under development and expect to offer more than 150 hotels by 2017 across 10 lodging brands in 27 countries and territories." Atlantis will operate under a long-term franchise agreement and Marriott will provide a $100 million mezzanine loan to the project. The resort will be available on Marriott International's booking channels this fall.
For more information, visit www.atlantis.com.