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Company Millennium & Copthorne Hotels PLC
TIDM MLC
Headline

Completion of Acquisition of Land

Released 07:00 02-Apr-2013
Number 2315B07

RNS Number : 2315B
Millennium & Copthorne Hotels PLC
02 April 2013
 



For Immediate Release                                                                                2 April 2013

 

 

 

Completion of Acquisition of land immediately adjacent to

the Millennium Seoul Hilton Hotel

 

 

On 18 January 2013, Millennium & Copthorne Hotels plc (M&C) announced that its wholly-owned subsidiary, CDL Hotels (Korea) Ltd, had entered into a conditional purchase and sale agreement with Woo Yang Industrial Development Co., Ltd to acquire a plot of land with a total area of 1,563.7m2, adjacent to the Millennium Seoul Hilton Hotel in Korea.

 

M&C is pleased to announce that the transaction was completed on 1 April 2013.

 

As previously announced, M&C is developing detailed plans to build hospitality facilities on the site complementary to the Millennium Seoul Hilton, following further studies with architects and other external consultants.

 

 

 

 

Enquiries:

 

Millennium & Copthorne Hotels plc                                                          Tel: +44 (0) 20 7872 2444

 

John Chang, Chief Financial Officer

Alan Scott, Company Secretary

Peter Krijgsman, Financial Communications (Media)

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Completion of Acquisition of Land - RNS