A new luxury resort will be constructed on the grounds of the Ko Olina Resort.

The oceanfront property, located between Kohola Lagoon 1 and Honu Lagoon 2, will be developed to become Atlantis Ko Olina.

The new resort will cover over 26 acres, offering approximately 800 luxurious guest rooms and suites, 524 residences and a variety of amenities for guests, including restaurants, bars, retail boutiques, a Beach Club, an spa and fitness center, an aquarium, a water park and event space.

“This project is extremely exciting for the State of Hawaii and will undoubtedly enhance the entire destination experience at Ko Olina,” said Jeffrey Stone, The Resort Group’s founder and master developer of Ko Olina. “A project of this scope and quality will heighten Oahu’s recognition as a luxury destination for years to come and broaden Hawaii’s appeal to affluent travelers from around the world, including the discerning millennial market.”

Atlantis Resorts brand’s flagship is in Dubai, Atlantis The Palm, and in 2017, Atlantis Sanya Hainan in China will open, as well as The Royal Atlantis Resort & Residences in Dubai.

In September 2016, Oceanwide Hawaii completed the purchase of the oceanfront Atlantis parcel from The Resort Group.

In addition to the Atlantis Resort & Residences Ko Olina, Oceanwide Hawaii is currently in the early planning stages for two other projects in Hawaii. The company owns another beachfront property located at Ko Olina’s Nai’a Lagoon 3. This project will introduce two hotels and a condominium to the resort community. The company also closed on the purchase of over 500 acres of land located in Kapolei West between Ko Olina and Kapolei Commons.

At full build-out, Ko Olina will generate an estimated $6.3 billion in economic impact annually for the city and state, and be West Oahu’s largest employer, supporting approximately 30,000 permanent jobs.