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Home > Company Index > Leisure > Lodging > Millennium & Copthorne Hotels plc

Millennium & Copthorne Hotels plc
 PROFILE
You won't have to wait a millennium for room service at Millennium & Copthorne Hotels (M&C). The company operates four-star business hotels primarily under the Copthorne and Millennium names; its Regal hotels (US) were rebranded under the Millennium name in 2001. It also owns 42% of New York's famed Plaza Hotel. In all, M&C operates nearly 90 hotels throughout Asia, Australia, Europe, and North America. It more than doubled its holdings with the 1999 purchase of the Asia/Pacific hotels of Hong Kong-based CDL Hotels International, which owns 52% of M&C. The company is refurbishing many of its properties and concentrating on additional acquisitions.

 COMPETITION
Four Seasons Hotels Inc. (FS)
Hilton Group plc (HLTGY)
Marriott International, Inc. (MAR)

 DEALS
Deal: Lightspeed Closes $11 Million Round
Date Announced: 10.24.00
Value of transaction (US $Mil): 11
Description: Content-management software company secures $11 million in venture capital.

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 1,031.30
1-Yr. Sales Growth: 85.9%
Employees: 13,752
Revenue per employee: $74,992.73

 KEY PEOPLE
• John Wilson
    CEO
• Gavin Simonds
    CFO

 CONTACT INFO
Scarsdale Place
Kensington W8 5SR, United Kingdom
Phone: 44-207-872-2444
Fax: 44-207-872-2460
Online: Web Site

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