Bahamas-based Kerzner International Holdings is weighing the sale of a 50 percent stake in the Atlantis resort in Dubai, The Wall Street Journal reports. The transaction is expected to be worth $250 million to $350 million. The stake will be sold to Istithmar World, Dubai’s investment arm. The sale will help the luxury resort operator to restructure $2.6 billion in mortgage debt, due September 9.
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