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Atlantis Resort (Dubai)
Dubai has purchased the famous Atlantis resort that was once owned by Kerzner International Holdings, Ltd. The resort, located atop Dubai's palm-shaped island (Palm al Jumeira), features a water park and 18 restaurants. Istithmar World, the company that made the purchase, was able to do so out of Kerzner International Holdings' high debt levels, estimated at $2.6 billion. Dubai is famous for featuring the world's tallest tower, Burj Khalifa.
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- Part of Speech: proper noun
- Synonym(s):
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- Industry/Domain: Travel
- Category: Hotels
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