FOSUN International and Kerzner International Holdings have signed an agreement to launch the world's third Atlantis resort along the Haitang Bay National Coast in Sanya, Hainan.
The 62-hectare resort will feature more than 1,300 guest rooms, dining destinations, bars and lounges, the Aquaventure Waterpark and exotic marine exhibits when completed in 2016.
Atlantis, Sanya Hainan is the first Atlantis resort in China and is expected to generate over 3,500 jobs.
Guo Guangchang, chairman of Fosun, said: “Atlantis resorts have really defined the destinations they are located in – first in the Bahamas, and then on Palm Island, in Dubai.
“Atlantis, Sanya Hainan will reinterpret the myth of Atlantis is a new and modern style, while pioneering previously unseen experiences to redefine holiday experiences in China and beyond.”