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Millennium Hotels and Resorts was founded in 1989, on the vision of its Chairman, Kwek Leng Beng, who leads Singapore’s Hong Leong Group. Formed as a Hong Leong subsidiary, CDL Hotels International acquires its first 6 Asian hotels.
The group successfully launches its new brand, Studio M, in Singapore. The hotel becomes EBITDA-positive within three months of launch, which is unusual for a new hotel. In the same year, the Group strengthens its commitment to China, acquiring a 70% majority stake in the award-winning Grand Millennium Beijing.
Millennium & Copthorne Hotels
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