Our Business

 

Millennium & Copthorne Hotels Plc is an owner-operator of high quality branded hotels in diverse locations attractive to business and leisure customers, with a particular focus on significant gateway cities and Asian emerging markets.

The Group's business model has been consistently cash generative and profitable since the company's formation in 1996. The model is designed to maximise long term total returns to shareholders through interlinked hotel operating and asset management strategies, led by a talented and highly skilled management team, with experience in both disciplines.  

Hotel Operations

The Group's hotel operating strategy is interlinked with asset management because it controls the yield characteristics on the Group's asset portfolio, through driving revenues and maintaining disciplined control of costs.

Management applies sophisticated analysis, supported by technology, to achieve an optimum balance between hotel occupancy and room rates in all market conditions.

A high proportion of the Group's operating functions are de-centralised, so that local management can respond quickly to local markets. This factor also enables the Group to maintain a low level of central overhead costs.

Managed and franchised hotels form a relatively small part of the Group's business - primarily in strategically significant locations, where the Group wishes to develop and maintain a presence - for example to promote cross selling opportunities - but does not see an immediate commercial advantage in asset ownership. 

Asset Management

The Group's asset management strategy compares the long term return on its existing hotel assets against a range of alternative investments. Asset management initiatives tend to be opportunistic, increasing returns for the Group's shareholders over the longer term and thus representing an intrinsic part of the Group's value.

Where returns from an individual hotel are not competitive, the Group will seek to enhance profitability through a variety of means, including management re-focus and investment in the asset (to enhance yield); or sale of the asset/identification of alternative uses such as condominium development (to enhance capital value).

In the case of new asset acquisition opportunities, the Group sets competitive hurdles to ensure that return on investment criteria are satisfied. 

The Group's investment in CDL H-REIT (Singapore) and First Sponsor Capital Limited (China) further support the asset management strategy, providing opportunities to acquire, develop and dispose of attractive assets in a capital efficient manner.   


History

History

A record of strong achievement.

Corporate Offices

The corporate offices will be pleased to handle your enquiry.

Hotel Estate

Hotel Estate

As an owner/operator, Millennium & Copthorne Hotels plc owns outright a large number of the hotels that it manages.

Contacts

Corporate Office

Millennium & Copthorne Hotels plc

Corporate Headquarters

Scarsdale Place

Kensington

London W8 5SR

T: +44 (0) 20 7872 2444

F: +44 (0) 20 7872 2460

 

Registered Office

Millennium & Copthorne Hotels plc

Victoria House

Victoria Road

Horley

Surrey RH6 7AF

T: +44 (0) 12 9377 2288

F: +44 (0) 12 9377 2345 

 

Registered Company Number: 3004377