Brookfield sells One&Only Ocean Club to Access Industries
Canadian alternative assets manager Brookfield Asset Management and its institutional partners have sold One&Only Ocean Club, a resort on Paradise Island in the Bahamas. The buyer is U.S. industrial group Access Industries Inc. The financial details of the transaction were not published. As part of the deal, Access also acquired additional beachfront property for future development. Kerzner International Holdings Ltd, a developer and operator of destination resorts, casinos and luxury hotels, will continue to be the resort's manager.
6 June 2014•5 mins read
