Kerzner International Names Michel Checoury as Chief Financial Officer
Industry Leader Joins the Growing Company
Kerzner International Holdings (the “Company”), the owner of the iconic Atlantis Resort and Residences and ultra-luxury One&Only Resorts brands worldwide, has announced the appointment of Michel Checoury as its new Chief Financial Officer. The Company manages a portfolio of globally renowned, entertainment destination resorts, ultra-luxury hotels and residences and innovative entertainment experiences.
Mr. Checoury joins Kerzner International at a transformational time, with the Company focused on accelerating growth of both destination-defining brands. The $1.6 billion Atlantis, Sanya resort in China with world-class partner, Fosun, began welcoming guests in February, joining the flagship Atlantis, The Palm resort in Dubai, one of the most recognizable hotels in the world. The One&Only portfolio is also evolving, with the opening of One&Only Nyungwe House in Rwanda, joining the award-winning ultra-luxury collection. Michel will be responsible for developing and executing the Company’s financial strategy that drives the existing business and future growth plans.
“I am delighted that Michel has joined us at this pivotal time of strategic growth and further expansion of our existing brands, Atlantis and One&Only,” says Michael Wale, Chief Executive Officer of Kerzner International. “Michel has been very successful in driving strong financial results in industry-leading hospitality companies. He has extensive luxury experience and will add a new dimension to our leadership Team, driving fiscal discipline within all aspects of Kerzner International, and supporting the expansion of our global footprint.”
Michel’s successful career highlights over 30 years of experience in Audit, Finance and Financial Management. Most recently, he was Chief Financial Officer of Movenpick Hotels & Resorts, overseeing a portfolio of 85 properties in 27 countries. In this role, he had responsibility for all Financial and Legal functions. Previously, he was Chief Financial Officer of Aman, reporting to the Chairman and Chief Executive Officer, overseeing all Finance and Strategic Planning, Retail and Information Technology. Checoury also held senior financial roles at Mandarin Oriental, Jumeirah, InterContinental, Starwood and Euro Disney.
“Kerzner International is an exciting business and I am thrilled to be joining the Company. Both Atlantis and One&Only are globally recognized brands with strong financial performance. I look forward to continuing to build and grow long-term financial success for the Company and being part of the Team that leads Kerzner into the future,” said Michel Checoury, Chief Financial Officer.
Kerzner International Holdings Limited, through its subsidiaries, is a leading international developer and operator of destination resorts, ultra-luxury hotels and residences and innovative entertainment and gaming experiences. Kerzner’s flagship brand Atlantis, includes Atlantis, The Palm, Dubai, a 1,500-room, water-themed resort on The Palm, overlooking the Arabian Sea and mainland Dubai and Atlantis, Sanya Hainan in China; and in development, The Royal Atlantis Resort & Residences in Dubai and Atlantis Ko Olina in Hawaii in the United States. Under the One&Only brand, Kerzner manages some of the most top-rated ultra-luxury resorts in the world, located in Mexico, Mauritius, the Maldives, South Africa, Dubai, Rwanda and Australia. Additionally, Mazagan Beach & Golf Resort, mazaganbeachresort.com, a 500-room destination golf and casino resort in Morocco, is also operated by Kerzner. For more information on our brands, please visit: atlantis.com or oneandonlyresorts.com. For more information on Kerzner International, please visit Kerzner.com.