KO OLINA, OAHU (HawaiiNewsNow) - Atlantis Resorts, known for its extravagant ocean-themed resorts, will develop its first U.S. project in Ko Olina.
Hawaii developer Jeff Stone confirmed the deal, and said the resort will be similar to Atlantis Dubai, with amenities like a dolphin encounter, shark habitat and hotel rooms with a front row seat into a giant aquarium.
Stone says Atlantis will be designed as an "international destination for millennial travelers."
The resort will add another high-end hotel destination to Ko Olina, already home to Disney's Aulani, the Marriott Ko Olina Beach Club and the Four Seasons Resort Oahu, which opened in May.
Stone says the Hawaii Atlantis Resort will bring 1,800 jobs and generate hundreds of millions of dollars in city and state revenues.
The project was first announced in 2005, but has stalled since then.
Residents say they're looking forward to the project.
"I'm all for whatever kind of helps the economy here," said Ewa resident Jeff Jacobs.
State Rep. Andria Tupola, whose district includes Ko Olina, said she's also looking forward the economic boost, but is concerned about the added traffic and parking issues.
"I do know this has been in the works for years, it was a matter of Jeff finding the right fit for what they needed," she said.
"If there is an issue with the parking lot not being efficient, then is Ko Olina association taking the right steps to make sure with the new hotel coming in that there's extra parking spaces?"
In January, Hawaii News Now reported the resort could be one of the most expensive resorts ever built, with a price tag of more than $2 billion.
There was no word Monday on the final project cost.