The owner of Atlantis Resort and Residences and One&Only Resorts brands worldwide Kerzner International Holdings has appointed Michel Checoury as chief financial officer.

With  more than 30-years’ experience in audit, finance and financial management, Michel Checoury has joined Kerzner International, which manages a portfolio of entertainment destination resorts, luxury hotels and residences, and entertainment experiences.

Checoury, who will be responsible for developing and executing the company’s financial strategy that drives the existing business and future growth plans, was previously the chief financial officer of Movenpick Hotels & Resorts, overseeing a portfolio of 85 properties in 27 countries.  Previous to that 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.   

According to the release, the appointment comes at a time of change when the company’s focus is on accelerating growth of both destination and defining brands. Opening in February, the $1.6 billion Atlantis, Sanya resort in China, with partner, Fosun, will join 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. 

Speaking about the appointment, Michael Wale, chief executive officer of Kerzner International, said: “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. 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.”

On his new role, Checoury said: “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.”

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