By NEIL HARTNELL

Tribune Business Editor

A FORMER Bahamas Chamber of Commerce president yesterday said the details surrounding Kerzner International's $175 million debt-for-equity swap did not 'add up', questioning how the new owners would see a return on their Paradise Island assets if no operational/business model changes were forthcoming.

Emphasising that he was not speaking as the PLP's Pinewood candidate, Khaalis Rolle questioned how Atlantis and the One & Only Ocean Club would generate the level of profitability likely expected by Brookfield Asset Management, especially as another cost layer was being added through Kerzner International's management fee.

While ...

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