Who Owns Paradise Island, Bahamas?

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Paradise Island is an island located near Nassau Island. It is part of the Bahamas, which is an independent country made up of hundreds of islands. Paradise Island is also referred to as Nassau Paradise Island. The Paradise Island resort is owned by Sol Kerzner, a South African hotel magnate and developer whose company turned the property into Atlantis, an island destination resort with more than 2,000 rooms. In 1994, he paid $125 million for the property, which underwent a $1 billion expansion in 2007.

Columbus

Christopher Columbus originally claimed the Bahamas for Spain, but the lack of gold led the Spanish elsewhere. King Charles I claimed the islands for Britain in 1629.

Settlement

Paradise Island was settled by the British in the late 1600s. A forted city named Charlestown, after King Charles II, was built there.

British Colony

In 1718, Paradise Island and the rest of the Bahamas were declared a British colony. It was changed from colony to Commonwealth in 1969, and in 1973 became an independent country.

Present Day

Paradise Island is now a tropical island with a British feel. The climate is considered semi-tropical, with fairly steady temperatures year-round, ranging between 70 and 80 degrees Fahrenheit.

Language and Currency

English is the main spoken language on Paradise Island. Bahamian dollars are the accepted forms of currency. They are equal in value to American dollars.

Passport

A passport is required for entry and exit of United States citizens. Non-U.S. citizens may need to apply for a visa before visiting.

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