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Completion of Acquisition of Land

Released 07:00 02-Apr-2013

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.







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


John Chang, Chief Financial Officer

Alan Scott, Company Secretary

Peter Krijgsman, Financial Communications (Media)


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Completion of Acquisition of Land - RNS