| Updated:
Millennium ups dividend payout
MILLENNIUM and Copthorne, the owner of a chain of hotels including the Chelsea Football Club hotel, has posted record profits for 2011 and upped its annual payout to shareholders.
Underlying profits before tax jumped by 43.7 per cent to £184.7m in the year to December, boosted by the sale and leaseback of its Studio M hotel in Singapore to CDL Hospitality Trusts REIT.
The group’s annual dividend leapt by 65 per cent at 16.5p per share.