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The Sultanate's first Sharia-compliant 'alcohol-free' five-star hotel, Muscat Grand Millennium Hotel, will open for guests next year. In order to cash in on the new concept of Sharia-compliant hotels, Shaza Muscat Company (SMC) yesterday signed an
Demolition of the Copthorne Hotel in central Christchurch has started, but the owners say they are still awaiting a decision on whether they can rebuild on the site. NZX-listed Millennium & Copthorne Hotels NZ wants to rebuild on the Victoria Square
Hotelier Millennium & Copthorne said profit fell by over a third in its first-quarter and warned that the slowdown in Asia and Europe which caused it was unlikely to ease off soon. M&C , which operates over 100 hotels globally through brands
Managing director B K Chiu says Cheung Ping Kwong, owner of a 20% interest in the company responsible for hotel developments to which the Millennium group is exposed, last week sold interests in two hotels in the Hainan and Dongguan regions by deceit,
For 2009, pre-tax profits fell 20.3% to £81.9m as revenues were hit hard in many of its markets, notably New York and Singapore, in the first half of 2009 as the recession dented travel...Analysts in a Reuters poll gave a consensus forecast of £77m.