13 Jun 2014 07:00
For Immediate Release 13 June 2014
Millennium & Copthorne Hotels plc completes acquisition of Novotel New York Times SquarePursuant to the announcement by Millennium & Copthorne Hotels plc ("M&C") on 10 February 2014, M&C is pleased to report that the acquisition of the Novotel New York Times Square, located at 226 W. 52nd Street in New York City, New York, completed yesterday.The property is a 34 storey building in the heart of Manhattan's theatre district and contains the 480-room Novotel New York Times Square hotel, a small amount of office and retail space and a penthouse apartment.
As previously announced, the hotel will continue to be operated under the Novotel brand by an affiliate of Accor SA under a long-term management agreement.
Enquiries:
Millennium & Copthorne Hotels plc Tel: +44 (0) 20 7872 2444Andrew Cherry, Interim Chief Financial Officer
Jonathon Grech, Group General Counsel and Company Secretary
Peter Krijgsman, Financial Communications (Media)