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July 11, 2011

CDL Hotels Holdings to Expand in Japan

CDL Hotels Holdings Japan, a subsidiary of Millennium & Copthorne Hotels, is to invest £113m in expanding its hotel portfolio with the opening of a new property in the Tokyo district of Ginza, Japan. The investment includes the acquisition and development of a property from Cosmos

By cms admin

CDL Hotels Holdings Japan, a subsidiary of Millennium & Copthorne Hotels, is to invest £113m in expanding its hotel portfolio with the opening of a new property in the Tokyo district of Ginza, Japan.

The investment includes the acquisition and development of a property from Cosmos Initia.

After demolishing the existing building, CDL will build a 325-room deluxe hotel with separate dining and car park facilities.

Construction of the new building is expected to be completed by the fourth quarter of 2014.

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