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Local Name:
Atlantis, Ko Olina
Budget:
1.8B
Announced:
15 Dec 2016
Construction Start:
Opening:
on hold
Location:
Area:
11 ha
Developer:
China Oceanwide Holdings
Operator:
Contractors:
Ride Suppliers:
Other Suppliers:
  1. New updates on ThemeparX including these layouts...





    Source: https://www.themeparx.com/atlantis-resort-hawaii/

  2. ResortsAhoy is offline resortX Top Investigator
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    A Hong Kong-based company with plans to develop an Atlantis-themed resort along with two other big hotel and residential projects in West Oahu has been trying to sell all three properties to address financial difficulties.
    Of the three projects, the estimated $1.5 billion Atlantis resort has garnered the most public attention with its promotion as a future landmark featuring 1, 324 guest rooms and luxury apartments, an aquarium, a water park, spas, restaurants, bars and other elements on 26 acres next to Disney's Aulani Resort fronting man-made beach lagoons at Ko Olina Resort &Marina.
    The company, which has public stockholders, disclosed in a financial report last month that a potential sale of all three Hawaii properties at the end of June fell through after no final agreement on key terms could be reached with an unidentified buyer following a tentative agreement signed March 30. Oceanwide also said in the same Aug. 25 filing that it was negotiating the potential sale of 17 acres of land in Kapolei. The filing did not otherwise describe the property, though Ko Olina is part of Kapolei.
    According to the company's financial report, the Hawaii real estate sale efforts stem from a need to raise cash so Oceanwide can addresses issues with debt and resume construction on a more than $1 billion stalled high-rise project in Los Angeles.
    Source: https://news.yahoo.com/developer-hawaii-atlantis-resort-financial-160700162.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAIRlsHg8ehppVHYjR0e4pqkjnKiVOjqWbt95PGLsvGiAwH3EJKiYeBHp5ZyElTcymHUg9-etjDIccF6Cha8b_DliQ6D8ioqghVGrDY8uvqRw36PSpn92LRWmSWrtfsxl1qbi5mrfpYK1SmvLUQUErLq2uJc5z27KZB41FSd6Itui

  3. ResortsAhoy is offline resortX Top Investigator
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    This video uploaded today shows nothing going on with the two plots of land planned for future hotels. What a pity.




  4. MarkEm is offline resortX Top Investigator
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    This news is about another Chinese owned developer that owns land in the same location but it also mentions that Ko Olina has "stalled".

    The Chinese developer who acquired the Makaha Valley Country Club and hundreds of acres in the valley nine years ago has filed for bankruptcy protection. Pacific Links US Holdings and its affiliated companies filed for Chapter 11 reorganization on Feb. 1, listing debts of $50 million to $100 million.
    Billions of dollars worth of Chinese developments have been put on hold in Hawaii during the past year. Construction of the nearby Atlantis Resort at Ko Olina is also stalled.
    Source: https://www.hawaiinewsnow.com/2021/02/09/finances-grim-chinese-developer-who-owns-much-makaha-valley/

  5. ResortsAhoy is offline resortX Top Investigator
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    This is the yearly round up for the Kapolei Chamber of Commerce. It includes Atlantis on their overall plans however in the section about ongoing construction they only list Extended Stay Hotels as their hospitality building projects. No mention of Atlantis in any of the construction works...





    Full Presentation: http://kapolei.com/media/W1siZiIsIjIwMjAvMTIvMjIvMDBfNDJfMzhfODUzX0thcG9sZWlfQ2hhbWJlcl9Ib2xpZGF5X0V2ZW50X1ByZXNlbnRhdGlvbl9fMTIwODIwMjAucGRmIl1d/Kapolei%20Chamber%20Holiday%20Event%20Presentation__12082020.pdf?sha=3e6f8da0


  6. mrg
    mrg is offline resortX Top Investigator
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    Here's the full article:

    China Oceanwide Holdings Group has put a piece of the 514-acre Kapolei West lands it purchased from the James Campbell Co. four years ago, an 11.3-acre parcel behind the Oahu Publications printing facility and across from the Target-anchored Kapolei Commons shopping center, on the market for sale with an asking price of $34.45 million.

    The asking price for the parcel, which is zoned for business mixed-use, or BMX-3, works out to $70 per square foot. Nathan Fong of Colliers International Hawaii is representing the seller.

    Under the current zoning, the land could be used for a mixed-use condominium or apartment building with retail on the ground floor, or a limited service hotel or office or medical office use, according to the marketing materials. The current height limit is 90 feet.

    Oceanwide paid $98 million for the parcel, along with two other parcels for a total of 514.43 acres, in October 2016 from Aina Nui Corp., a subsidiary of the James Campbell Co.

    It plans to develop some 2,500 homes on the land, which will connect Kapolei with Ko Olina Resort, where Oceanwide plans to build an Atlantis resort on a lagoon front parcel next door to Aulani, a Disney Resort & Spa.

    Oceanwide paid $232.5 million for the three Atlantis parcels totaling 26.27 acres, The company also paid $191.9 million for a second Ko Olina site, three parcels totaling 17.28 acres between the Ko Olina Beach Villas and Marriott’s Ko Olina Beach Club, where Oceanwide plans to build two more hotels.

  7. ResortsAhoy is offline resortX Top Investigator
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    I can't read the whole article because it's behind a $140 per year paywall but it looks like China Oceanwide who own the Atlantis brand are selling off some of the land they purchased in 2016. It's not the land for Atlantis but it was purchased in that original land purchase so it looks like something is happening in that region.

    The plot of land for sale for $34m is shown above marked with BMX-3.

    Does anyone have any further news on this resort?

    source: https://www.bizjournals.com/pacific/news/2020/11/06/china-oceanwide-puts-hawaii-parcel-on-the-market.html

  8. ResortsAhoy is offline resortX Top Investigator
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    No work ongoing on the land.






  9. The most up to date video I can find is from June and shows nothing happening on that parcel of land at all. I think we can assume that, given the current economic conditions, that will not be developed for a while.




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