Millennium & Copthorne Hotels New Zealand Limited
1.85
NZD
+0.06
(+3.35%)
ISIN
NZMCKE0005S6
Return %
Stock
S&P 500
1Y
1.65
14.20
3Y
-14.75
81.12
5Y
-19.21
68.34
Capital Structure
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in mil. unless spec.Growth Rates
NZD
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in mil. unless spec.Semi-annual Revenue
NZD
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in mil. unless spec.Semi-annual Earnings Per Share
NZD
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in mil. unless spec.Semi-annual Dividends Per Share
NZD
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in mil. unless spec.Company Description
- CEO
- Stuart Nigel Bruce Harrison
- Full Time Employees
- 1,007
- Sector
- Consumer services
- Industry
- Hotels/Resorts/Cruise lines
- Address
- 23 Customs Street East Auckland AUK New Zealand 1010
- IPO Date
- Jun 16, 1986
- Website
- millenniumhotels.com
- Similar Companies
- Business
- Millennium & Copthorne Hotels New Zealand Limited (NZX:MCK), founded in 1985 and headquartered in Auckland, New Zealand, owns, operates, leases, manages and franchises approximately 18 hotels across New Zealand under the Millennium, Grand Millennium, M Social, Copthorne and Kingsgate brands; these include premium properties such as Millennium Hotel Rotorua, Millennium Hotel Queenstown and M Social Auckland offering timeless elegance and sophisticated accommodations with conference facilities, lifestyle hotels like M Social providing contemporary design experiences, mid-scale Copthorne hotels in regional business centres and resorts from Bay of Islands to Queenstown delivering affordable luxury and personal service, and Kingsgate hotels supplying Kiwi hospitality for business, leisure and family travellers in key locations; the company also holds a 65% stake in NZX-listed CDL Investments New Zealand Limited, a residential property developer, and maintains property interests in Australia including a 50% joint venture in Sofitel Brisbane Central and Zenith Apartments in Sydney. Operations span New Zealand's gateway cities like Auckland and Wellington, resort destinations including Queenstown, Rotorua and Bay of Islands, and extend to Australia, targeting business, leisure, international tourists and corporate clients with over 500 employees supporting a portfolio of hotel, development and investment properties assessed at a fair market value of $1.1 billion as of December 2024. Recent developments include the January 2025 settlement of The Mayfair Hotel Christchurch acquisition for $31.9 million to re-establish presence in that key market with 67 luxury rooms and suites, ongoing refurbishments completing over 390 rooms in the past three years with more than 140 additional rooms in 2025 at properties like Millennium Hotel Rotorua and Copthorne Hotel & Resort Bay of Islands, first full-year operations at Sofitel Brisbane yielding consistent demand, a 21% revenue increase to $176.2 million and 32.1% operating profit growth to $42.5 million in 2024 driven by hotel recovery and cost management, a failed takeover offer in May 2025 by CDL Hotels Holdings New Zealand Limited which now controls 84% of shares without achieving compulsory acquisition, and a 3-cent per share dividend declaration in June 2025.