Millennium & Copthorne Hotels plc
News and overview for Millennium & Copthorne Hotels plc
Millennium & Copthorne: Worst of downturn may have passed
AH&LA SmartBrief | 17 days 18 hours 50 minutes ago
U.K.-based hotels group Millennium & Copthorne Hotels PLC says the market appears to be stabilizing and the chain has seen some positive movement in bookings. "While it is too early to predict with accuracy how markets will behave in 2010...
UPDATE: Millennium & Copthorne Says Worst May Now Be Over
Wall Street Journal, The | 17 days 15 hours 34 minutes ago
(Adds detail, comment.) By Steve McGrath and Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Millennium & Copthorne Hotels PLC (MLC.LN) said Thursday that the worst of the downturn in the sector may be over as its decline in revenue per available room is slowing and current bookings are showing some positive momentum.
Millennium & Copthorne Hotels to Open First Studio M Branded Hotel in Singapore
Hospitality Net | 5 days 14 hours 18 minutes ago
Millennium & Copthorne Hotels plc (M&C) today launched a new international hotel brand, Studio M, aimed at the new generation of savvy business and leisure travellers. Studio M is the latest addition to M&C s portfolio of brands and underscores the group s commitment to expanding its footprint in Asia.
Millennium & Copthorne Says Worst May Now Be Over
Wall Street Journal, The | 17 days 16 hours 37 minutes ago
Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Millennium & Copthorne Hotels PLC (MLC.LN) said Thursday that the worst of the downturn may be over as the decline in revenue per available room is slowing and current bookings are showing some positive momentum.
Millennium & Copthorne Pretax Pft GBP21.9M Vs GBP30M
Wall Street Journal, The | 17 days 16 hours 35 minutes ago
LONDON (Dow Jones)--Millennium & Copthorne Hotels PLC (MLC.LN), a U.K hotel group, said Thursday in the three months to to Sep. 30, its pretax profit fell GBP21.9 million from GBP30 million a year earlier.
Millennium & Copthor Interim Management Statement & Q3 Results
HotelsMag.com | 17 days 7 hours 56 minutes ago
RNS Number : 9971B Millennium & Copthorne Hotels PLC 05 November 2009
2nd UPDATE: InterContinental Hotels' Rates Still Under Pressure
Wall Street Journal, The | 12 days 1 hour 29 minutes ago
(Adds detail and comment.) By Steve McGrath and Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--InterContinental Hotels Group PLC (IHG) Tuesday said there are signs that occupancy at its hotels is stabilizing, but rates are still under "considerable" pressure and its third-quarter profits and revenue fell.
Downturn Hurts InterContinental's Net
Wall Street Journal, The | 12 days 13 hours 33 minutes ago
LONDON -- InterContinental Hotels Group PLC Tuesday said there are signs that occupancy at its hotels is stabilizing, but rates are still under "considerable" pressure and its third-quarter profits and revenue fell.
InterContinental Stumbles As Business Travel Declines
Wall Street Journal, The | 11 days 18 hours 13 minutes ago
LONDON—InterContinental Hotels Group PLC on Tuesday said there are signs that occupancy at its hotels is stabilizing, but rates are still under "considerable" pressure as the hotel operator posted declines in its quarterly profit and revenue.
InterContinental Hotels: Occupancy Stabilizing, But Not Rates
Wall Street Journal, The | 12 days 15 hours 36 minutes ago
Of DOW JONES NEWSWIRES LONDON (Dow Jones)--InterContinental Hotels Group PLC (IHG) Tuesday said that there are signs that occupancy at its hotels is stabilizing, but rates are still under "considerable" pressure and its third quarter profits and revenue fell.
UPDATE: InterContinental Hotels Rates Still Under Pressure
Wall Street Journal, The | 12 days 15 hours 31 minutes ago
(Adds detail.) By Steve McGrath and Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--InterContinental Hotels Group PLC (IHG) Tuesday said that there are signs that occupancy at its hotels is stabilizing, but rates are still under "considerable" pressure and its third quarter profits and revenue fell.
Odds against a return of Gala Coral’s founder, John Kelly
Times (London), The | 41 days 1 hour 44 minutes ago
A strange whisper was doing the rounds over the weekend that John Kelly, the founder and former chairman of Gala Coral, might be set for a return to the debt-laden betting and gaming group as part of its impending refinancing. The theory was that Kelly, who handed over the reins to Neil Goulden less than a year ago, was being lined up for a return to his old role by the backers of a proposed £540 million debt-for-equity swap.
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Company Overview
| Company: | Millennium & Copthorne Hotels plc |
|---|---|
| Industry: | Upscale & Luxury Hotels |
| Website: | http://www.millenniumhotels.com |
You won't have to wait a thousand years for room service at Millennium & Copthorne Hotels (M&C). The company owns and operates four- and five-star hotels primarily under the Copthorne and Millennium names. Its hotels target both business and leisure travelers and are found in major international cities or prominent business locations. In all, M&C operates some 120 hotels in nearly 20 countries throughout the world. M&C's non-hotel assets include a shopping property in Singapore (the Kings Tanglin Shopping Centre), and an office building in Los Angeles (the Biltmore Court & Tower). Singapore-based City Developments Limited owns 53% of the company.
Key Numbers
| Sales in U.S. Dollars (mil.) | 1,017.3 (2008) |
|---|---|
| One-year % Growth in Sales | -23.9 (2008) |
| Net Income in U.S. Dollars (mil.) | 92.6 (2008) |
| One-year % Growth in Net Income | -68.9 (2008) |
| Number of Employees | 0 (0) |
| One-year % Growth in Number of Employees | 0.0 (0) |
| Fiscal Year-End | December |
