About the Company

Our Heritage

Millennium & Copthorne Hotels (M&C) was founded in 1989, on the vision of its Chairman, Mr Kwek Leng Beng, who leads Singapore’s Hong Leong Group and Singapore-listed global real estate company City Developments (CDL).

  • 1989

    Formed as a Hong Leong subsidiary, CDL Hotels International acquires its first 6 Asian hotels.

  • 1993

    The company buys the 548-room Millennium Gloucester Hotel London Kensington and takes control of a 13-hotel chain in New Zealand.

  • 1994

    CDL enters the US market, acquiring the Millennium Hilton and the Millennium Broadway Hotel New York.

  • 1995

    CDL acquires Copthorne Hotels from Aer Lingus for £219 million, and launches its new global hotel brand, Millennium Hotels And Resorts. Around this time, the Group becomes New Zealand’s largest hotel owner, with 21 hotels, and acquires a controlling stake in the Plaza Hotel in New York (the stake was sold in a landmark transaction in 2004).

  • 1996

    Millennium & Copthorne Hotels plc (M&C) floats on the London Stock Exchange. During the same year, it acquires the Millennium Hotel London Mayfair from InterContinental, as well as hotels in France and Germany.

  • 1997

    M&C is voted “Best UK Hotel Group of the Year” at the Executive Travel Hotel Awards.

  • 1999

    Having made further hotel acquisitions in New Zealand and Asia, CDL’s Asian and Australasian hotels are acquired by M&C, transforming it into a global hotel owner/operator. In the same year, M&C acquires the 5-star Seoul Hilton and the Regal hotel chain in the US.

  • 2000

    M&C opens its first management contract in the UK, the Millennium Madejski Hotel Reading. In the same year, M&C enters into a global strategic marketing alliance agreement with one of Germany’s largest and most prestigious hotel companies, Maritim Hotels.

  • 2001

    M&C begins its expansion into the Middle East, with several management contracts in the United Arab Emirates.

  • 2006

    M&C restructures its Singapore assets via the initial public offering of CDL Hospitality Trusts (CDLHT), a ground-breaking Singaporean hospitality real estate investment trust. The Group sells and leases back its interests in the Orchard Hotel, M Hotel, Copthorne King’s Hotel, and Grand Copthorne Waterfront Hotel….Read More 

  • 2007

    The Group steps up its activities in China, with the establishment of First Sponsor Capital Limited – a 50/50 joint venture to develop mixed use property (including hotels) in some of China’s second tier cities.

  • 2008

    Global financial markets are severely impacted by the collapse of Lehman Brothers, leading to a swift and deep recession, particularly affecting revenues in New York and Singapore. Despite the loss of revenue, the Group remains profitable throughout the ensuing turmoil, reflecting its robust owner/operator business model and low levels of net debt after the CDLHT transaction and sale of the Plaza Hotel in 2004.

  • 2010

    The group successfully launches its new brand, Studio M, in Singapore. The hotel becomes EBITDA-positive within three months of launch, which is unusual for a new hotel. In the same year, the Group strengthens its commitment to China, acquiring a 70% majority stake in the award-winning Grand Millennium Beijing.

  • 2011

    The Group completes two significant asset management transactions – selling and leasing back Studio M to CDLHT and selling a parcel of land adjacent to the Grand Millennium Hotel Kuala Lumpur. It closes the Copthorne Orchid Hotel in Singapore, to develop the site into condominiums, further demonstrating the…Read More

  • 2012

    The Group announces record revenues and profits for the year ending December 31, 2011, reflecting robust operating performance, as well as gains from its asset management activities.

  • 2019

    The Group announces its delisting from the London Stock Exchange in October following a privatisation exercise by its parent company, CDL.

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