Regal 進歩 for M&C 全世界の 計画（する）s

By Helen Slingsby
Updated: 00:00 BST, 18 November 1999

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変形 of Millennium & Copthorne from a British hotels group to an international one gathered pace today as it snapped up a chain of upmarket 所有物／資産／財産s from Regal Hotels International of the US for $640 million (£395 million).

Th e price is $85 million いっそう少なく than 心配するd in September when the 処理／取引 was 明かすd, に引き続いて 予定 diligence and a 決定／判定勝ち（する） not to acquire Regal's Toronto 所有物／資産／財産, valued at $20 million.

Millennium, which is 支払う／賃金ing about $75,000 a room, 推定する／予想するs to spend about $70 million on the 28 owned and 19 管理／経営-契約 hotels over the next two years.

The 取得／買収 takes the Millennium stable to 117 所有物／資産／財産s with a new presence in 12 重要な US cities. The company, which is 52% owned by Singaporean 会社／堅い CDL, was 以前 known as a British 地方の hotels group with a strong presence in Asia.

The 株 today jumped 6 1/2p to 414p, continuing their 回復 from a sharp 落ちる 18 months ago. 'This is a transforming 取引，協定 that builds the 骸骨／概要 of an international hotel 網状組織,' said a 主要な leisure 仲買人.

Millennium is 基金ing the 処理／取引 through a placing and open 申し込む／申し出 at 370p a 株 to raise £156 million 加える a new £228 million banking 施設. The 取引，協定 follows the 購入（する） of the ソウル Hilton for $228.5 million last Friday and of CDL's hotels 利益／興味s earlier in the year.