>

>

CDL appoints Clarence Tan as Group CEO for Hotel Arm Millennium & Copthorne

By Charlene Chin

/ EdgeProp Singapore |

April 2, 2020 3:53 PM SGT

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.

Read also:

CDL’s profit rises 12.5% in 4Q2019 after bumper year of six residential project launches

DC rates dip 0.2% for non-landed residential; unchanged for other sectors

Rex Tan charts new frontiers at Huttons

Tags:

Millennium & Copthorne CDL Clarence Tan M&C COVID-19 IHG hotel

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Record-breaking 1,000 HDB resale flats hit $1 mil in 2024

2

Project Spotlight: This condo in Ang Mo Kio has 241 profitable and no unprofitable transactions

3

Novo Place hits 88.1% as 137 units snapped up in second balloting

4

Is it a Good Deal?: A duplex penthouse in Sentosa sold for a loss of $1.93 million

5

10 best-selling new private residential projects of 2024

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00