Internationally recognized as one of the most distinguished hoteliers in the industry, Steiner comes to Palmilla having most previously served as Managing Director for Las Ventanas al Paraiso resort in Los Cabos. Steiner takes charge at Palmilla as the property undergoes a $75-million transformation and expansion reflective of the company's dynamic approach to creating distinctive resorts that quickly become market leaders. The One&Only Palmilla will reopen January 2004.

Steiner, who will have overall operation responsibility for One&Only Palmilla, managed Rosewood Hotels' Las Ventanas since the resort's opening in 1997, creating international recognition and acclaim for the property, including a AAA five-diamond rating. According to Kerzner management, Steiner was sought out to run Palmilla based on his accomplishments at Las Ventanas, and other notable properties in the United States, as well as a 20-year history and strength in the luxury travel market, including extensive experience in the areas of spa, golf and food and beverage.

Kerzner International acquired a 50% equity interest and long-term management rights for Palmilla in 2002 and promptly announced that the historic luxury resort would join the company's exclusive portfolio of One&Only properties. When renovations are complete, the One&Only Palmilla, with an acclaimed 27-hole Jack Nicklaus signature golf course, will have 174 luxurious and innovatively designed accommodations, including spacious new villas overlooking the Sea of Cortez, a 25,000-square-foot spa inspired by the artistic and architectural themes of Mexico, a signature restaurant by one of America's most acclaimed chefs, Charlie Trotter of Chicago, Illinois, and designed by Adam Tihany, as well as new meeting facilities.

"Kerzner International is delighted to have Edward Steiner head up the Palmilla management team and bring his dedication and commitment to luxury resort standards to our newest One&Only property endeavor, said Butch Kerzner, President, Kerzner International and Chief Executive Officer of One&Only Resorts. "With our commitment to making Palmilla one of the finest resort's in world, it is gratifying to have someone with his talent, experience and stature onboard to bring the One&Only brand vision alive and create lasting and memorable experiences for our guests."

Prior to joining Rosewood and Las Ventanas, Steiner was Hotel Manager at the four-star/four-diamond Watergate Hotel in Washington and at the five-star/five-diamond Grand Bay Hotel in Coconut Grove, Florida. In 2003, Steiner was named "One of the Finest Hoteliers Worldwide" by the American Academy of Hospitality Sciences. Other honors include "Hotelier of the Year 2001" (Los Cabos Hotel Association), "Outstanding Sales and Marketing Achievement Award 1999" (Rosewood Hotels and Resorts) and "South Florida Food and Beverage Director of the Year 1992" (Chefs of America).

"This is a unique and exciting opportunity to develop and reposition an already favorably recognized property into a world-class resort with a stellar international reputation. Kerzner International's commitment to Palmilla to preserve and enhance its natural beauty and setting while at the same time creating a dynamically designed and operated resort perfectly mirrors my interests in providing our visitors with unparalleled experiences," said Steiner.

Steiner holds a B.S. degree from Leicester University in England and advanced associate degrees in marketing, industrial relations and industrial organization from the City and Guilds of London University.

About One&Only
Created exclusively for the luxury resort market, One&Only properties are conceived as hallmarks of quality, offering guests the ultimate in accommodations, facilities and service in settings of unique and exceptional natural beauty. These properties, featuring some of the top rated resorts in the world, include One&Only Le Touessrok and One&Only Le Saint Geran in the Mauritius, One&Only Kanuhura in the Maldives, One&Only Ocean Club in The Bahamas, One&Only Royal Mirage in Dubai and One&Only Palmilla in Mexico.  Further properties on the island of Reethi Rah, Maldives and Marrakech, Morocco are either underway or in advanced stages of planning. More information on One&Only is available online at http://www.oneandonlyresorts.com.

About Kerzner International Limited
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 build 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 resort destination casinos in the United States. For more information concerning the company and its operating subsidiaries, visit online at http://www.kerzner.com/