Millennium & Copthorne Hotels plc is engaged in the ownership and management of hotels worldwide. The Company operates hotels under four brands: Grand Millennium, Millennium, Copthorne and Kingsgate. The hotel and operations are managed on a worldwide basis and operate in seven principal geographical areas: New York, Regional United States, London, Rest of Europe (including the Middle East), Singapore, Rest of Asia and Australasia. It operates in two segments: Hotel and Property operations. On September 30, 2011, the Company acquired a land site in the Ginza district of Tokyo, Japan. In August 2011, the Company sold a 29,127 square feet parcel of land adjoining the Grand Millennium Kuala Lumpur to a Malaysian company, Urusharta Cemerlang (KL) Sdn Bhd. On May 3, 2011, the Company completed the sale of the Studio M Hotel. On April 18, 2011, the Company disposed of CDL Hotels (Phils.) Corporation.