NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 44 SIGNIFICANT INVESTMENTS IN SUBSIDIARIES (CONT’D) Principal activity Principal place of business/ Country of incorporation Ownership interest 2022 2021 % % Direct/Indirect Subsidiaries of Millennium & Copthorne Hotels Limited (cont’d) (1) M&C REIT Management Limited REIT investment management services Singapore 100 100 (5) Millennium & Copthorne Hotels Management (Shanghai) Limited Provision of hotel management and consultancy services People’s Republic of China 100 100 (2) Millennium & Copthorne Hotels New Zealand Limited Hotel investment holding company New Zealand 76 76 (1) Millennium & Copthorne International Limited Hotels and resorts management Singapore 100 100 (2) Millennium CDG Paris SAS Hotel operator France 100 100 (2) Millennium Hotels Italy Holdings S.r.l Holding company Italy 100 100 (2) Millennium Hotels Palace Management S.r.l Hotel operator Italy 100 100 (2) Millennium Hotels Property S.r.l Hotel owner and operator Italy 100 100 (7) Millennium Hotels (West London) Limited Property letting United Kingdom 100 100 (7) Millennium Hotels (West London) Management Limited Hotel operator United Kingdom 100 100 (2) Millennium Opera Paris SAS Hotel operator France 100 100 (2) PT. Millennium Sirih Jakarta Hotel Hotel owner Indonesia 100 100 (1) Republic Hotels & Resorts Limited Hotel operator and investment holding company Singapore 100 100 (1) Republic Iconic Hotel Pte. Ltd. Hotel operator Singapore 100 100 (2) RHH Operating LLC Hotel owner USA 100 100 (2) RHM Aurora LLC Hotel ownership USA 100 100 (2) RHM Management LLC Hotel ownership USA 100 100 44 SIGNIFICANT INVESTMENTS IN SUBSIDIARIES (CONT’D) Principal activity Principal place of business/ Country of incorporation Ownership interest 2022 2021 % % Direct/Indirect Subsidiaries of Millennium & Copthorne Hotels Limited (cont’d) (7) Copthorne Hotel Holdings Limited Investment holding company United Kingdom 100 100 (7) Copthorne Hotels Limited Hotel investment holding company United Kingdom 100 100 (2) Copthorne Orchid Penang Sdn. Bhd. Hotel owner Malaysia 100 100 (2) Durham Operating Partnership L.P. Hotel ownership USA 100 100 (2) Gateway Regal Holdings LLC Hotel owner and operator USA 100 100 (2) Grand Plaza Hotel Corporation Hotel owner and operator and investment holding company Philippines 66 66 (1) Harbour View Hotel Pte Ltd Hotel operator Singapore 100 100 (2) Hong Leong Ginza TMK Property owner Japan 100 100 (2) Hong Leong Hotel Development Limited Hotel owner and operator Taiwan 84 84 (1) Hospitality Holdings Pte. Ltd. Investment holding company Singapore 100 100 (7) Hotel Liverpool Limited Property letting United Kingdom 100 100 (7) Hotel Liverpool Management Limited Operating company United Kingdom 100 100 (1) King’s Tanglin Shopping Pte. Ltd. Property owner Singapore 100 100 (2) Lakeside Operating Partnership L.P. Hotel ownership USA 100 100 (7) London Britannia Hotel Limited Hotel owner and operator United Kingdom 100 100 (7) London Tara Hotel Limited Hotel owner and operator United Kingdom 100 100 (2) M&C Crescent Interests, LLC Property owner USA 100 100 (2) M&C Hotel Interests, Inc. Hotel management services company USA 100 100 (2) M&C Hotels France SAS Hotel owner France 100 100 (2) M&C New York (Times Square) EAT II LLC Hotel owner USA 100 100 (2) M&C New York (Times Square), LLC Investment holding USA 100 100 CITY DEVELOPMENTS LIMITED ANNUAL REPORT 2022 FINANCIALS 264 265
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