Millennium & Copthorne Hotels New Zealand Limited logo

MCK: Renewal Management Lease for Grand Millennium Auckland

Operational Update5 June 2019MCKConsumer Discretionary

MILLENNIUM & COPTHORNE HOTELS NEW ZEALAND LIMITED

Date 6 June 2019


Subject RENEWAL OF MANAGEMENT LEASE FOR

GRAND MILLENNIUM AUCKLAND



CDL Hospitality Trusts and Millennium & Copthorne Hotels New Zealand Limited (through a

wholly owned subsidiary) advises that the management lease of Grand Millennium

Auckland (“GMA”) has been renewed for a further three year term from September 2019.

GMA is the largest hotel in New Zealand, with 452 rooms.


MCK’s Managing Director Mr. BK Chiu said that MCK was pleased to renew the

management lease for GMA noting that MCK’s significant network and its sales and

marketing organisation in New Zealand had strongly benefited the trading performance of

the hotel under MCK’s management.


-ENDS-

Issued by Millennium & Copthorne Hotels New Zealand Limited


Enquiries to:


B K Chiu / Karl Luxon

Managing Director / Vice President Operations

(09) 353 5058

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.

Other issuers discussed similar conditions around this time

Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.