CDL Hospitality Trusts (as owner) and Millennium & Copthorne Hotels NZ Ltd (as manager) said yesterday they’d renewed the management lease of the Grand Millennium Auckland on Mayoral Drive for a further 3-year term from September.
Millennium and Copthorne
Hotel company sees headwinds
Millennium & Copthorne Hotels NZ Ltd made a record $49.4 million after tax in 2018, but chair Colin Sim told the annual meeting yesterday faced headwinds.
Scottish fund manager lifts stakes in Millennium & Copthorne and CDL
Scottish investment manager Aberdeen Standard Investments Ltd has lifted its stake in 2 NZX-listed companies controlled by the Hong Leong Group of Singapore – to 13.24% for its stake in Millennium & Copthorne Hotels NZ Ltd and 8.38% in CDL Investments NZ Ltd.
Hotelier lifts profit 24%
Hotel owner-operator Millennium & Copthorne Hotels NZ Ltd lifted net profit 24.4% in the June half-year to $39.6 million, on revenue up 22.5% to $127.5 million).
Shareholder puts resolution questioning hotel company dividends
Minority shareholders in NZX-listed Millennium & Copthorne Hotels NZ Ltd have the opportunity to poke a stick at the majority controlling interest in the company at the annual meeting next Thursday, 31 May.
Hotelier lifts earnings, bumps up dividend
Millennium & Copthorne Hotels NZ Ltd has bumped its dividend up from 5c to 6c/share, fully imputed, after lifting profit by 6.7% in 2017.
