SINGAPORE (EDGEPROP) - Singapore-listed property firm City Developments (CDL) has appointed Clarence Tan as Group CEO for its hotel brand Millennium & Copthorne (M&C), the company’s wholly-owned subsidiary, with effect from April 2.
As the first CEO for M&C, Tan will lead a turnaround in the hotel chain’s portfolio comprising 150 hotels and 43,500 rooms worldwide.
Tan will report to CDL and M&C executive chairman Kwek Leng Beng, and work closely with the CDL leadership team to deliver sustainable hotel performance by focusing on achieving synergies, cost efficiencies and driving profitability.
Tan, who boasts a track record of 20 years in the hospitality scene, was most recently the managing director for South East Asia and Korea with London-listed InterContinental Hotels Group (IHG), where he was responsible for the growth, financial and operational performance of about 100 hotels in Southeast Asia and Korea. Under Tan’s lead, the business delivered US$1.2 billion ($1.7 billion) in hotel revenue to IHG at a healthy margin and added to their system size and pipeline.
“The evolving Covid-19 outbreak continues to greatly impact the hospitality industry globally. Amidst the operating challenges and uncertainty, I see a significant opportunity to reshape M&C’s strategies and reposition the business,” says Tan.
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