in the 115-room Palmilla Resort for Approximately
|PARADISE ISLAND, The Bahamas - Sept. 12, 2002
-- Kerzner International Limited (NYSE:KZL) announced the closing of its
previously announced acquisition, through an affiliated entity, of a 50%
interest in the 115-room Palmilla Resort, a deluxe five-star property located
near Cabo San Lucas in Baja, Mexico that also owns and operates a 27-hole
Jack Nicklaus designed golf course.
Kerzner International Limited is a leading developer and operator of
premier casinos, resorts and luxury hotels. The Company's flagship destination
is Atlantis, a 2,317-room, ocean-themed resort located on Paradise Island,
The Bahamas. Atlantis is a unique destination casino resort featuring three
interconnected hotel towers built around a 7-acre lagoon and a 34-acre
marine environment that includes the world's largest open-air marine habitat.
The Company also developed and receives certain revenues from Mohegan Sun
in Uncasville, Connecticut. Following the completion of a $1 billion expansion,
the Native American-themed Mohegan Sun has become one of the premier casino
resort destinations in the United States. In the luxury resort hotel business,
the Company operates ten luxury resorts in The Bahamas, Mauritius, Dubai,
the Maldives and Mexico.
Executive Vice President
Chief Financial Officer
Kerzner International Limited
|Also See||GS Emerging Market Real Estate Fund L.P Assigns ClubCorp the Management Contract at Palmilla, Los Cabos, Mexico / July 1999|
|Sun International Restructures to Resolve Majority Shareholder Disagreements / July 2001|