Wednesday, 22 August 2018

Announcement

GENERAL: MCK: MCK: Millennium Acquires The Waterfront Hotel New Plymouth

02 Feb 2018 12:20NZX
MILLENNIUM & COPTHORNE HOTELS NEW ZEALAND LIMITED

STOCK EXCHANGE ANNOUNCEMENT     2 February
2018

MILLENNIUM & COPTHORNE HOTELS NEW ZEALAND ACQUIRES THE WATERFRONT HOTEL, NEW
PLYMOUTH

Millennium & Copthorne Hotels New Zealand Limited (NZX:MCK) is pleased to
announce that The Waterfront Hotel located at 1 Egmont Street, New Plymouth
joins the Millennium, Copthorne, Kingsgate and M Social portfolio of hotels
from 1st February 2018.

The Waterfront Hotel, which will be rebranded the Millennium Hotel New
Plymouth, Waterfront in Q2 of 2018, is situated on a prime waterfront site
directly across the road from New Plymouth''s coastal cycle way and seashore
with picturesque views along the coast. Built in 2003, the three-level hotel
is Grade A seismically rated and comprises boutique-style hotel accommodation
including 39 hotel suites, two penthouse apartments and one executive
apartment. The hotel has a conference facility and the award-winning Salt
Restaurant which enjoys uninterrupted views over the ocean.

"This acquisition will further facilitate new opportunities for our global
guests from both leisure and business travel sectors and is earnings
accretive." said Millennium''s Managing Director, Mr BK Chiu.

"Millennium Hotels is excited about the growth of New Plymouth from an
international visitor perspective and we are looking forward to working with
our tourism and international marketing partners to promote the town and
Taranaki region - a region of unique tourist experiences" he said. "We are
very pleased to bring this iconic New Plymouth hotel under the Millennium
brand and look forward to the continued support from the Taranaki locals and
wider community".

ENDS
Issued by Millennium & Copthorne Hotels New Zealand Limited
Enquiries to:
B K Chiu
Managing Director
(09) 353 5058
End CA:00313706 For:MCK    Type:GENERAL    Time:2018-02-02 12:20:21
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