South African hotelier Sol Kerzner, 78, has announced his retirement from the hotel industry and the sale of a stake in his eponymous company, eight years after the death of his son and heir apparent.
Last week the Investment Corporation of Dubai (ICD), an arm of the United Arab Emirates government, confirmed it had bought a “significant” equity interest in the hotel group, which includes the Atlantis resort in the Bahamas and the One&Only resort chain.
