MCK completes purchase of The Mayfair Hotel Christchurch

22 January 2025



MCK COMPLETES PURCHASE OF
THE MAYFAIR HOTEL CHRISTCHURCH


Further to its announcement on 22 October 2024, Millennium & Copthorne Hotels New Zealand
Limited (NZX:MCK) confirms that it has settled the purchase of The Mayfair Hotel Christchurch
today.


The Purchase Price was settled with the drawdown of $30.0m under the company bank facility
and the balance via available funds. A transition to a Millennium & Copthorne brand will be
carried out over the months following completion and will be announced in due course.

-ENDS-
Issued by Millennium & Copthorne Hotels New Zealand Limited

For investor relations enquiries, please contact:
Stuart Harrison, Managing Director M: +64 21 869 216


About Millennium & Copthorne Hotels New Zealand Limited
Millennium & Copthorne Hotels New Zealand Limited (NZX:MCK) is the only NZX listed hotel owner – operator with 18 owned / leased / franchised hotels
based in New Zealand under the Millennium, Grand Millennium, M Social, Copthorne and Kingsgate brands. As part of the Millennium & Copthorne Hotels
group, we are proud to be part of a global network of over 120 properties in gateway cities across Asia, Europe, North America, the Middle East and New
Zealand. MCK is also the majority shareholder in land developer CDL Investments New Zealand Limited (NZX:CDI) and also has property interests in
Australia through its Kingsgate Group subsidiaries including a 50% ownership interest in the Sofitel Brisbane Central through a joint venture.
For more information, visit our website: www.millenniumhotels.co.nz