MILLENNIUM HOTELS

Millennium & Copthorne Hotels (M&C) was founded in 1989, on the vision of its Chairman, Mr Kwek Leng Beng, who leads Singapore’s Hong Leong Group and Singapore-listed global real estate company City Developments (CDL).

The Group completes two significant asset management transactions – selling and leasing back Studio M to CDLHT and selling a parcel of land adjacent to the Grand Millennium Hotel Kuala Lumpur. It closes the Copthorne Orchid Hotel in Singapore, to develop the site into condominiums, further demonstrating the flexibility of its owner/operator strategy. In the same year, M&C acquires a land site in Tokyo’s prestigious Ginza district and announces it will build its first ever hotel in the Japanese capital.