The One&Only Ocean Club, managed by Kerzner, on Paradise Island in the Bahamas, will be renamed Four Seasons as of November 30.
Kerzner said owner Access Industries has terminated its management agreement and that it “objects to the grounds for termination and intends to vigorously oppose it through standard process and protocols.”
With the change in management, the resort will be called Ocean Club, A Four Seasons Resort, Bahamas.
The 100-room resort, which opened in 1962, is located on an eight-kilometre beach and offers a range of accommodation, including several cottages and villas.
In a statement, Kerzner said: “One&Only is delighted to have welcomed so many guests to the resort over the past 23 years. We were one of the pioneers of Bahamian tourism, having introduced ultra-luxury to the resort. island in 1994. We are proud of One&Only’s continued contributions to the success of the Bahamas, the Ocean Club and the local community.”
Access Industries acquired the station in 2014 and did a multi-million dollar renovation.
Four Seasons has Caribbean resorts in Nevis and Anguilla. The Anguilla resort is aiming to reopen in early 2018 following damage from Hurricane Irma in September.
This story was updated Sunday with comments from Kerzner.