Millenium and Copthorne: room for growth

Article Abstract:

Millenium and Copthorne (M and C) aims to raise 150 million pounds sterling through a flotation in April 1996. The flotation putsthe company's value at 350 million pounds sterling. M and C's parent company is CDL, which will retain a stake of 58%. Occupancy rates are improving in the hotel trade world wide as the economy recovers. M and C focuses on four-star hotels, with Copthorne focusing on standard hotels, and Millenium focusing on luxury four-star hotels.

Millenium and Copthorne

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Rooms with prospects

Article Abstract:

Jarvis Hotels plans a flotation which is likely to attract investors. The company has 62 hotels in the UK which use the Jarvis name. There are involved in short breaks, conferences and business trade. Additional hotels would mean little increase in overheads. The company's turnover was 102 million pounds sterling for the year to Mar 1996, up from 63.3 million three years previously. The company aims to raise 133 million pounds sterling from the flotation.

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Room at the inn

Article Abstract:

Benefits and drawbacks of investing in smaller hotel companies are examined in detail. The example of Jarvis Hotels is provided and analyzed for investors.

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