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.
Read more →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.
Read more →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.
Read more →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).
Read more →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.
Read more →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.
Read more →Hotelier makes small profit gain
Hotel owner & operator Millennium & Copthorne NZ Ltd lifted profit after tax & non-controlling interests by 1.85% in the June half compared to the first half of 2016, on pretax earnings up 6.9%.
Read more →4 reasons for doubling of Millennium & Copthorne profit
Millennium & Copthorne Hotels NZ Ltd cited 4 reasons this week for doubling its profit for the June half.
Read more →Rendezvous hotel to become Grand Millennium
Millennium & Copthorne Hotels NZ Ltd will take over the lease on the Rendezvous Grand Auckland Hotel in September, and its name will change to the Grand Millennium Auckland.
Read more →Propbd on Q W16Dec15 – listeds: hotels exit franchise, Highbrook deal finalised, PFI lift, Zara coming to NZ, Rainbow tick, Eastgate leases
2 hotels sold out of Millennium & Copthorne franchise – Goodman completes 2012 Highbrook acquisition – PFI gets 5% valuation lift – Zara the next big name for Sylvia Park – Fletcher Building scores the Rainbow tick – 3 Eastgate lease agreements go unconditional
Read more →Millennium & Copthorne lifts half-year profit
Millennium & Copthorne Hotels NZ Ltd lifted its half-year profit after tax & non-controlling interests by 93% to $12.01 million ($6.22 million), but expects a similar full-year result to 2014 as returns are reduced while the Copthorne Hotel Auckland Harbourcity is refurbished.
Read more →Propbd on Q Sn26July15 – Arvida plan fully subscribed, Quay St hotel refurb starts
Arvida plan closes fully subscribed – Millennium & Copthorne closes Quay St hotel for reburbishment
Read more →Propbd on Q T26May15 – 9 sell at Colliers, convention centre go-ahead, Quay St hotel remodelling to start
9 sell out of 12 properties at Colliers auction – Convention centre agreement reached – aim to start this year – Tenders in soon for Quay St Copthorne’s remodelling
Read more →Propbd on Q W1Apr15 – How to improve housing supply, NPT stake, prefs spread waiver, Goodman facility, notes expire
June report on improving housing supply – Salt raises NPT stake – Millennium & Copthorne gets waiver on prefs spread – Goodman gets extra bank facility – SkyCity notes expire this time
Read more →Restructuring Millennium & Copthorne improves return
Millennium & Copthorne Hotels NZ Ltd lifted its after-tax profit for 2014 by 11.4%, expects to start refurbishing the Copthorne Hotel Auckland Harbourcity on Quay St in the second half, made a big gain from its China sell-off and has more reprioritising to do in New Zealand & Australia.
Read more →Millennium & Copthorne to buy rest of Australian business from Ho family
Millennium & Copthorne Hotels NZ Ltd entered into a conditional agreement on Wednesday to buy the rest of the former Kingsgate Hotels company KIN Holdings Ltd from the Ho family’s Tai Tak Holdings Pte Ltd.
Read more →M&C Hotels completes buyout of Maori interest
Millennium & Copthorne Hotels NZ Ltd settled the acquisition last Friday of the 30% interest in Quantum Ltd which it didn’t already own.
Read more →Loss on final involvement in China cuts Millennium & Copthorne NZ profit
Millennium & Copthorne Hotels NZ Ltd’s half-year profit has been hit by the $3.13 million cost of its exit from Chinese developer First Sponsor Group Ltd and that company’s listing in Singapore. But in New Zealand the group has performed strongly.
Read more →First Sponsor price drops in first day of Singapore trading
The share price of First Sponsor Group Ltd – the Chinese developer NZX-listed Millennium & Copthorne Hotels NZ Ltd has sold out of – dropped S6c on its first day of listing on the Singapore stock exchange despite a reduced number of shares being made available.
Read more →Propbd on Q F18July14 – Ruru leaves Kaipara, M&C restructure done
Ruru leaves Kaipara – M&C restructure done
Read more →