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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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