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millennium & copt-unspon adr (MLCTY) Details

Millennium & Copthorne Hotels plc, a hospitality management and real estate company, owns, operates, manages, and franchises hotels in the United Kingdom and internationally. It operates hotels primarily under the Millennium, Grand Millennium, Copthorne and Grand Copthorne, Kingsgate, M Hotels, Biltmore, and Studio M brand names. The company also owns, develops, and manages properties; provides REIT investment management services; and manages resorts. As of December 31, 2014, it operated approximately 120 hotels in 79 business and leisure destinations of Asia, Australasia, Europe, the Middle East, and North America. The company was incorporated in 1994 and is headquartered in London, the United Kingdom. Millennium & Copthorne Hotels plc is a subsidiary of City Developments Limited.

10,257 Employees
Last Reported Date: 04/1/15
Founded in 1994

millennium & copt-unspon adr (MLCTY) Top Compensated Officers

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millennium & copt-unspon adr (MLCTY) Key Developments

Millennium Copthorne Group to Open Agarwood Resort in Salalah

The Millennium Copthorne hotel group has signed an agreement with Al Madina Hotels amp; Resorts for opening two properties in Oman by 2017. The partnership will see global debut of the new eco-lifestyle brand Agarwood resort in Salalah and the opening of the budget brand Studio M in Al Hail.

Millennium & Copthorne Signs Deal for 4 Dubai Hotels

Millennium & Copthorne announced the signing of four hotels in Dubai. The properties include three Studio M hotels, the firm's contemporary budget concept as well as a Millennium hotel and are set to open in Dubai World Central, Dubai Investments Park and Al Barsha. Millennium & Copthorne has plans to extend the Studio M footprint in as many as 25 urban locations across the GCC in the next five years. The company has signed an agreement with Tetra Hospitality for Studio M in Dubai World Central, with the group's Millennium brand also signed for the same location with ABA Hospitality DWC LLC. Scheduled for completion in 2018, Studio M Dubai World Central will offer circa 750 rooms, making it one of the large budget hotels in the region.

Millennium to Open 8-10 New Hotels in GCC

Millennium Hotels is expected to grow in the next few years, with plans to open eight to 10 new hotels in the next 12-18 months in the GCC region. The expansion plan focuses on the UAE (with three hotels by 2016 in Abu Dhabi, Dubai, and Al Ain), Saudi Arabia (with four hotels), and Oman (with two hotels).


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MLCTY Competitors

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Company Last Change
Choice Hotels International Inc $56.99 USD -0.02
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Shanghai Jin Jiang International Hotels Group Co Ltd $3.72 HKD 0.00
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Hongkong & Shanghai Hotels Ltd/The $11.10 HKD +0.04
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