Kerzner News
Leibman appointed chief executive of Kerzner International
Sol Kerzner, chairman of Kerzner International, has appointed Alan Leibman as chief executive, effective immediately. Through its subsidiaries, Kerzner International is a leading developer and operator of destination resorts, casinos and luxury hotels.
Kerzner to step down as chief executive of Kerzner International
Sol Kerzner has confirmed he is stepping down as chief executive of Kerzner International but will remain as the company’s chairman. He will be replaced by Alan Leibman.
Kerzner loses control of flag-ship resort in debt restructuring deal
Kerzner International Holdings has been forced to relinquish control of three properties as it seeks to restructure debts. The international developer of destination resorts, casinos and luxury hotels handed control of the 2,900-room Atlantis Paradise Island, One&Only Ocean Club in the Bahamas and the 172-room One&Only Palmilla in Lost Cabos, Mexico to Brookfield Asset Management as part of a debt restructuring plan.
Kerzner Signs to Develop Atlantis
Kerzner International Limited (NYSE:KZL) announced today that it has agreed to form a joint venture with Nakheel LLC, an entity owned by the Government of Dubai, to develop Atlantis, The Palm, the first phase of which is expected to be an approximately $650 million development to include a 1,000-room resort and an extensive water theme park situated on 1.5 miles of beachfront. Atlantis, The Palm will be located at the center of The Palm, Jumeirah, a $1.5 billion land reclamation project in Dubai, United Arab Emirates. The agreement provides for additional land available for future development and that would ultimately enable Atlantis, The Palm to grow its room capacity to at least 2,000 rooms.