Millennium & Copthorne
 |
|
| Public | |
| Traded as | : |
| Industry | Hotels |
| Headquarters | London, UK |
|
Key people
|
Kwek Leng Beng, Chairman Aloysius Lee Tse Sang, CEO |
| Revenue | £926 million (2016) |
| £107 million (2016) | |
| £98 million (2016) | |
|
Number of employees
|
10,996 (2016) |
| Website | www.millenniumhotels.com |
Millennium & Copthorne Hotels plc is a global hospitality management and real estate group, with 120 hotels in 79 locations in Asia, Australasia, Europe, the Middle East and North America. The company is headquartered in London. It is listed on the and is a constituent of the FTSE 250 Index. Millennium & Copthorne Hotels operates Millennium Hotels & Resorts, the Copthorne and the Kingsgate hotel chains.
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. In 1993, CDL made its first move outside Asia – purchasing the 548-room Gloucester Hotel and The Bailey's 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 & Copthorne Hotels. The company was first listed on the London Stock Exchange in 1996.
In 1999, the company acquired Regal Hotels in the United States and in 2001 it 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.
In 2015, the group announced 4 new hotels to open in Dubai. Still in 2015, the group's financial results slightly declined due to troubled events affecting tourism worldwide which led to the resignation of its CEO Aloysius Lee.
The Group is structured as follows:
A Singapore investment company City Developments Limited owns approximately 62% of the issued share capital in Millennium & Copthorne Hotels plc.
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Wikipedia