Kerzner International Holdings, 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.

Checoury joins Kerzner International at a transformational time, with the company focused on accelerating the growth of both destination-defining brands.

The $1.6-billion Atlantis, Sanya resort in China with a world-class partner, Fosun, began welcoming guests in February 2018, joining the flagship Atlantis, The Palm resort in Dubai, one of the most recognisable 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. 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 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,” he stated.

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 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. - TradeArabia News Service