Millennium & Copthorne Hotels New Zealand Limited Reports Earnings Results for the Half Year Ended June 30, 2023

Millennium & Copthorne Hotels New Zealand Limited is the hotel owner, operator with 18 owned / leased / franchised hotels based in New Zealand under the Millennium, Grand Millennium, M Social, Copthorne and Kingsgate brands. It is engaged in the residential development and sale of land in New Zealand, ownership, and leasing of investment properties in New Zealand and development and sale of residential units in Australia. Its segments include Hotel operations, Residential land development, Investment property, and Residential and commercial property development. The Hotel Operations segment is engaged in the ownership and management of hotels. The Residential Land Development segment consists of the development and sale of residential land sections. The Residential and Commercial Property Development segment consists of the development and sale of residential apartments. The Investment Property segment is engaged in the ownership and leasing of retail shops and industrial warehouses.