Type Public Industry Hotels Net income £97 million (2015) Revenue 847 million GBP (2015) | Traded as LSE: MLC Operating income Headquarters London, United Kingdom Founded 1972 | |
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Key people Kwek Leng Beng, Chairman
Aloysius Lee Tse Sang, CEO Stock price MCK (NZE) NZ$ 2.95 0.00 (0.00%)22 Mar, 5:00 PM GMT+13 - Disclaimer Parent organization CDL Hotels Holdings New Zealand Limited | ||
Millennium & Copthorne Hotels plc, operator of the Millennium, Copthorne and Kingsgate hotel chains, is a leading global hospitality management and real estate group, with 120 hotels in 79 business and leisure destinations in Asia, Australasia, Europe, the Middle East and North America. The Company was first listed on the London Stock Exchange in 1996 and it is a constituent of the FTSE 250 Index, Millennium & Copthorne Hotels plc is headquartered in London.
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History
The Group's origins date to 1972 when British Caledonian Airways acquired the Copthorne Hotel at Copthorne, West Sussex, near Gatwick. The Copthorne Hotels brand was launched in 1985 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. In the same year CDL took control of a 13-hotel chain in New Zealand. In 1994, CDL made its entry into the US with the purchase of the Millenium Hilton in New York and acquired the Millennium Broadway in New York’s Times Square district in December. In 1995, CDL Hotels acquired Copthorne Hotels and the enlarged corporation became Millennium and Copthorne Hotels.
In 1999, Millennium & Copthorne Hotels plc acquired Regal Hotels in the US and in 2001 they expanded into the Middle East with several management contracts secured in the United Arab Emirates. The first of six new hotels in China opened in 2008.
Operations
The Group is structured as follows:
Ownership
A Singapore investment company City Developments Limited owns approximately 62% of the issued share capital in Millennium & Copthorne Hotels plc.