Millennium & Copthorne Hotels

Millennium & Copthorne Hotels
Millennium & Copthorne Hotels
Type Public (LSE: MLC)
Industry Hotels
Founded 1972
Headquarters London, UK
Key people Kwek Leng Beng, Chairman
Wong Hong Ren, CEO
Revenue £743.7 million (2010)[1]
Operating income £144.1 million (2010)[1]
Net income £97.9 million (2010)[1]
Website www.millenniumhotels.com

Millennium & Copthorne Hotels plc (LSE: MLC) is a leading British-based hotel business. Including the pipeline, the company owns or operates over 120 hotels in 19 countries around the world. It is headquartered in London and is a constituent of the FTSE 250 Index.

Contents

History

The Company's origins go back to 1972 when British Caledonian Airways acquired the Copthorne Hotel at Copthorne, West Sussex, near Gatwick.[2] The Copthorne Hotels brand was launched in 1985[2] and a number of new hotels opened in the UK, France and Germany. In 1989 Singapore based CDL Hotels International acquired 6 hotels in Asia and in 1993 CDL made its first move outside Asia - purchasing the 548-room Gloucester Hotel in London.[3] In the same year CDL took control of a 13-hotel chain in New Zealand.[4] In 1994 CDL made its entry into the USA with the purchase of the Millenium Hilton in New York and acquired the Millennium Broadway in New York’s Times Square district in December.[5] In 1995 Copthorne Hotels was acquired by CDL Hotels and the enlarged concern became Millennium and Copthorne Hotels.[6] The company was first listed on the London Stock Exchange in 1996.[7] In 1999 it acquired Regal Hotels of the US.[8]

In 2001 M&C expanded into the Middle East with several management contracts secured in the United Arab Emirates and the first of 6 new hotels in China opened in 2008.[9]

Operations

The group is structured as follows:

List of Hotel

Millenium Hotel

America

Europe

Middle East

Asia

  •  China Grand Millennium Beijing
  •  China Millennium Harbourview Hotel Xiamen
  •  China Millennium Hongqiao Hotel Shanghai
  •  China Millennium Wuxi
  •  China Millennium Hotel Chengdu
  •  China Copthorne Hotel Qingdao
  •  Indonesia Millennium Hotel Sirih Jakarta
  •  Malaysia Grand Millennium Kuala Lumpur
  •  Philippines The Heritage Hotel Manila
  •  Singapore M Hotel Singapore
  •  Singapore Orchard Hotel Singapore
  •  Singapore Studio M Hotel Singapore
  •  Thailand Grand Millennium Sukhumvit Bangkok
  •  Thailand Millennium Resort Patong Phuket

Oceania

Copthorne Hotel

Europe

Asia

  •  China Copthorne Hotel Qingdao
  •  Malaysia Copthorne Orchid Hotel Penang
  •  Singapore Copthorne King's Hotel Singapore
  •  Singapore Grand Copthorne Waterfront Hotel Singapore
  •  Singapore Copthorne Orchard Hotel Singapore

Middle East

Oceania

Kingsgate Hotel

Oceania

Middle East

Ownership

The firm is controlled with a 53% stake by Singaporean investment company City Developments Limited.[10]

References

  1. ^ a b c Annual Report 2010
  2. ^ a b World Airline Directory Flight International, 29 March 1986
  3. ^ Singapore investor buys hotel in London The Independent, 14 July 1994
  4. ^ Funding Universe
  5. ^ Millenium sold to CDL Hotels International New York Times, 16 February 1994
  6. ^ Singapore group buys Glasgow's Copthorne Aer Lingus sellshotel for £224m Glasgow Herald, 7 October 1995
  7. ^ London Stock Exchange
  8. ^ Millennium Hotels & Resorts Celebrates New Properties Businesswire, 29 February 2005
  9. ^ The five-star Millennium Chengdu Hotel China to open in 2008 Easier Travel, 2 August 2007
  10. ^ "Millennium & Copthorne sees signs of stability". Wall Street Journal. 2009-08-06. http://online.wsj.com/article/BT-CO-20090806-706265.html. Retrieved 2009-08-29. [dead link]

External links


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