Urban developments (SG:C09) released an update.

Millennium & Copthorne Hotels New Zealand Limited (MCK) is making a strategic return to Christchurch with the acquisition of the luxury Mayfair Hotel for $31.9 million. The acquisition follows growing visitor numbers and interest in the city and the hotel will soon be rebranded as Millennium & Copthorne. Known for its spacious rooms and award-winning café, the Mayfair Hotel strengthens MCK’s presence in a key market.

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