Veteran South African review developer Sol Kerzner on Sunday stepped down as CEO of mega-Atlantis-Resort-creator Kerzner International, a Nassau Guardian and Bahamas Tribune report.
Over a final 4 decades, Kerzner helped pierce resorts to a new scale and make review openings over-the-top, celebrity-filled events.
He’ll sojourn authority of a board, while longtime Kerzner executive Alan Leibman becomes a new CEO. The dual will work closely on altogether corporate plan and on expansion of both a Atlantis and a highest-end OneOnly brands, a Tribune’s story says.
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The Nassau Guardian’s story from Friday points out that a CEO change comes as Kerzner International is in a routine of a vital change: It will run a resorts and hotels, though no longer possess them.
As Reuters reported in November, Kerzner International – in a debt-for-equity understanding – is transferring ownership of a Atlantis Paradise Island resort, a OneOnly Ocean Club subsequent doorway and a OneOnly Palmilla in Mexico to a Toronto genuine estate and item government association called Brookfield Asset Management. The pierce came after Kerzner International unsuccessful to renegotiate $2.6 billion in debt.
Kerzner style: Over-the-top
Kerzner is best famous in a U.S. for a ocean-themed Atlantis Paradise Island in a Bahamas, that non-stop in 1998 and is a singular biggest employer in a Bahamas.
The resort’s 141 landscaped acres underline several pools, H2O slides including a Mayan Temple slide, and a array of aquariums stocked with class such as hammerhead sharks, manta rays and jellyfish.
In 2008, as a retrogression approached, Kerzner non-stop a $1.5 billion, water-themed Atlantis on a Palm Jumeirah, a synthetic island in Dubai. On opening night, Atlantis set off a largest fireworks arrangement in a world that could even be seen from space.
During a recession, a Atlantis Paradise Island mislaid business as corporate clients that used to book hundreds of bedrooms for a singular eventuality cut behind on impracticable affairs amid mercantile fears – and, in some cases, fear of disastrous publicity. In 2010, we trafficked to a tourism-dependent Bahamas to revisit a Atlantis and see how a tourism downturn was fulfilment Nassau for this USA TODAY Money territory report.
In 2010, a Hospitality Sales and Marketing Association International (HSMAI) gave Kerzner a lifetime feat endowment for poignant contributions to promotion and selling in a liberality industry.
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Kerzner: Guest hotel CEO blogger for Hotel Check-In
As Hotel Check-In’s guest hotel CEO blogger in Sep 2010, Kerzner talked about how Justin Bieber done him a follower in a energy of amicable media. Bieber, who afterwards had 5 million Twitter followers, sole out a Atlantis Paradise Island’s unison venue and increasing a company’s Twitter fan bottom by 650%.
“We fast dynamic that to be successful in this new world, a review contingency sojourn authentic and relevant,” Kerzner wrote.
Hat tip: Hospitality Business News
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