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Millennium & Copthorne Increases Presence in China

and Invests over S$360 million into Global Refurbishment Strategy Singapore, 27 September 2012 -Millennium & Copthorne Hotels (M&C) today signed a contract to manage its first resort hotel in China.

FOR IMMEDIATE RELEASE

 
PRLog (Press Release) - Sep. 30, 2012 - The 151-room Millennium Hangzhou Resort is situated in a forested hillside in Jiuxi Ping Feng or Nine Creek Mountain in Hangzhou, Zhejiang Province.The 5-star resort is located within a tranquil tea plantation, famous for growing Chinese teas like the Longjing or Dragon Well Tea and is scheduled to open in the third quarter of 2013. Since the successful entry into China in 2006, M&C has expanded its footprint with 6 other properties -Millennium Hotel Chengdu, Millennium Harbourview Hotel Xiamen, Millennium Hotel Wuxi, Copthorne Hotel Qingdao and the luxury Grand Millennium Beijing Hotel. It also operates the 329-room serviced apartment complex Millennium Residences Beijing Fortune Plaza, located
in the capital’s CBD. Over the next three years, M&C will continue its expansion into China with two other new
properties located in popular tourist and business destinations -M Hotel Chengdu in Sichuan Province (194 rooms), and Millennium Fuqing in Fujian Province (510 rooms). Together with Millennium Hangzhou Resort, these new properties will add 855 rooms to M&C’s current portfolio
in China. This current phase of expansion will see a total of M&C’s hospitality portfolio increase to 10 properties in China with over 3,500 rooms.
said M&C Chairman, Mr. Kwek Leng Beng at the signing ceremony for Millennium Hangzhou Resort, today (27 September 2012) at the Tower Club on the top floor of Republic Plaza, Singapore. For the Chinese owners, Shanghai Seagull Holding Group, today’s signing of the management contract is its second with M&C. The Millennium Hongqiao Hotel in Shanghai, which it owns, was also M&C’s first hotel that it managed in China in 2006. hanghai Seagull Holding Group President, Mr. Yang Weijian speaking at the signing ceremony said, “We have a strong and established long-term relationship with M&C since the signing of Millennium Hongqiao in 2006. Since then, the results have been impressive. The hotel has won various awards and has made an outstanding mark among Shanghai’s many other 5-star hotels.” M&C also announced that it will also expand in Taiwan soon when Millennium Vee Hotel Taichung opens there next month. Located in downtown Taichung, the 267-room hotel aims at business and leisure travelers, offering convenient access to major travel links including business, shopping and cultural attractions. With a population of over 2.6 million people, Taichung is Taiwan’s third largest city after Taipei and Kaohsiung. M&C currently owns Grand Hyatt Taipei.

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Source:Mouna ouni
City/Town:Abu Dhabi - Abu Dhabi - United Arab Emirates
Industry:Hotels
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Last Updated:Sep 30, 2012
Shortcut:http://prlog.org/11987473
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