Kerzner International has announced the appointment of Michel Checoury as its new chief financial officer.
The company manages a portfolio of entertainment destination resorts, ultra-luxury hotels and residences and innovative entertainment experiences around the world under the Atlantis and One&Only brands.
Checoury joins Kerzner at a transformational time, with the company focused on accelerating growth of both brands.
The $ 1.6 billion Atlantis, Sanya resort in China with partner, Fosun, began welcoming guests in February last year, joining the flagship Atlantis, The Palm resort in Dubai.
The One&Only portfolio is also evolving, with the opening of One&Only Nyungwe House in Rwanda, joining the collection.
Checoury 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,” said Michael Wale, chief executive 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.”
Most recently Checoury was chief financial officer of Movenpick Hotels & Resorts, overseeing a portfolio of 85 properties in 27 countries.
“Kerzner International is an exciting business and I am thrilled to be joining the Company.
“Both Atlantis and One&Only are globally recognised 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 Checoury.