NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2024 43 SIGNIFICANT INVESTMENTS IN SUBSIDIARIES (CONT’D) Principal activity Principal place of business/ Country of incorporation Ownership interest 2024 2023 % % Direct/Indirect subsidiaries of Millennium & Copthorne Hotels Limited (cont’d) (9) London Britannia Hotel Limited Hotel owner United Kingdom 100 100 (9) 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 (1) M&C REIT Management Limited REIT investment management services Singapore 100 100 (7) M&C Sakura TMK Property owner Japan 100 100 (2) Marquee Brisbane Hotel Trust Property owner Australia 90 88 (2) Marquee Brisbane Hotel 2 Trust Hotel owner Australia 90 88 (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 81 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 Property owner Italy 100 100 (9) Millennium Hotels (West London) Limited Property letting United Kingdom 100 100 ANNUAL REPORT 2024 FINANCIALS 219
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