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In May 2001 Millennium & Copthorne Hotels plc and Maritim Hotels jointly entered into an
agreement to form a strategic marketing alliance.
This alliance creates a large combined portfolio of hotels. Maritim is one of Germany's largest
and most prestigious hotel companies with properties located in all of Germany's key cities and
destinations in 6 countries outside of Germany: Egypt, Latvia, Malta, Mauritius, Spain, and Turkey.
This pooling of resources provides Maritim and M&C with immediate penetration into each
partner's geographic regions without extensive capital investments. It enables both companies to
exploit synergies, reduce costs, tap into each other's geographical market dominance and ultimately
lead to incremental revenues in the medium to long term. Customers from both Maritim and M&C
will also enjoy an enlarged choice of hotels through the alliance.
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