City Developments (SG:C09) has released an update.
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Millennium & Copthorne Hotels New Zealand (MCK) has announced its plans to proceed with the purchase of land in Whangarei for a new four-star hotel, bolstered by a positive feasibility study forecasting demand in the region. The company will finance the acquisition with existing cash and strategically delay construction to align with the recovery of the Northland tourism market. The move, welcomed by Whangarei’s mayor, signals MCK’s commitment to expanding its portfolio and exploring further opportunities across New Zealand.
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