Ashkenazy Acquisition Corporation has walked away from a deal with Brookfield Asset Management to acquire the 3,805-key Atlantis resort in the Bahamas. The New York-based investor, which was said to be financing the acquisition with funds from Qatar’s sovereign wealth fund, ended talks after discovering surprise deferred maintenance costs during due diligence, according to Nassau’s Tribune 242 newspaper. But Ashkenazy, once a minority owner of the Plaza Hotel, was unable to renegotiate the sale price, […]
source https://therealdeal.com/2019/02/26/paradise-lost-ashkenazy-deal-for-brookfields-atlantis-resort-in-the-bahamas-falls-though/
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