Atlantis Resort Hawaii
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A California real estate development company that owns The Waldorf Astoria in Las Vegas has bought two oceanfront parcels at Ko Olina Resort and plans to move forward with long-delayed plans to develop a $2 billion Atlantis Resort on one of the properties.

Newage Ko Olina, an affiliate of Kam Sang Co. Inc., purchased the 43.55 acres fronting two of Ko Olina’s lagoons for a total of about $216 million. The seller was China Oceanwide, which paid more than $424 million for the properties in 2015 and 2016.

The total includes a $177 million purchase price, $25 million in unpaid real property taxes and association fees and $15 million in back fees to The Resort Group, Ko Olina Resort’s master developer. The deal also included seller financing in the form of two mortgages totaling $87 million with Haitong International Securities Co. Ltd. of Hong Kong, the lender that has been acting as receiver for China Oceanwide’s projects since 2022.

As part of the deal, Kam Sang Co. has agreed to develop the Atlantis Resort, which has long been planned for the 26.3-acre lagoon-front parcel between Aulani, A Disney Resort and the Beach Villas at Ko Olina. The company is also looking at other hotel and resort brands such as Regent, Mandarin Oriental, St. Regis, Waldorf Astoria and Fairmont for a 17.3-acre parcel between the Beach Villas and Marriott’s Ko Olina Beach Club.

Jeff Stone, CEO and president of The Resort Group, told Pacific Business News that the development timeline for building both hotels concurrently is about five years, and will cost about $2.5 billion — $2 billion to build the Atlantis Resort, which would be the first in the United States. Atlantis Resorts, which is owned by Kerzner International, has a 25-year hotel management agreement for the property, he said.

Atlantis will have about 500 hotel rooms and 500 vacation-stay, or condominium, units, while the second hotel will have about 250 hotel rooms and 250 vacation units for a total of 1,500 keys, Stone said.

Source: https://www.bizjournals.com/pacific/news/2025/01/14/california-investors-ko-olina-land-china-oceanwide.html

http://www.iconcg.net
https://www.behance.net/gallery/177352409/AtlantisHotel

Source: https://twitter.com/TangaroaJoel/status/1667399762876993536

On 15 November 2022 (Hawaii time), Oceanwide Resort HI LLC and Oceanwide Resort Paradise HI LLC, the wholly-owned subsidiaries of the Company, entered into a non-legally binding and non-exclusive letter of intent (the “Ko Olina LOI”) with, inter alia, a potential buyer for the potential disposal of the Group’s remaining real estate development projects located in Ko Olina District on Island of O’ahu in Hawaii, the U.S. (the “Ko Olina Projects”) (the “Potential Ko Olina Disposal”). The Group is awaiting the potential buyer to provide proof of funds before commencement of drafting the purchase and sale agreement.

The net proceeds from the Potential Ko Olina Disposal will be used to repay the debt pertaining to the Ko Olina Projects.

Source: http://preview.todayir.com/oceanwide/attachment/20221202170801757310530090_en.pdf

Sources: https://issuu.com/mikebykovski/docs/bykovski_portfolio and https://archinect.com/MBykov

Looks like it isn't happening.
https://www.staradvertiser.com/2021/09/24/hawaii-news/developer-of-hawaii-atlantis-resort-in-financial-straits/

Source: https://www.instagram.com/p/CJAcmEglELN/

Another Atlantis that doesn't look like Atlantis. I don't understand why Kerzner didn't keep or enforce a homogenuous style for its Atlantis flagship brand. Atlantis Bahamas and Dubai look and feel awesome, why would you make it condo-style resort buildings in Sanya and Hawaii?

New concept art:





Source: https://cuadrosdesignstudio.com/work#/skyline/

Still no movement at all on either plot of land at the sides of the Beach Villas. Atlantis Dubai have been making redundancies, I really don't see this moving ahead any time soon.