Thursday, July 9, 2020
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Millenium Expands its Board to Includes Former Directors of UBS and NH

Following these new additions, Millenium's Board of Directors will be made up of two executive directors, three proprietary directors and five independent directors.

Javier Illán, Head of the Socimi, at its stock market debut.

The Board of Directors of Millenium Hotels Real Estate has agreed to convene a General Meeting on 27 July on the first call and 28 July on the second call. The agenda items for the meeting include a proposal to expand the number of Board members to 10 from the current contingent of 6.

In this way, 4 new directors will be admitted, of whom 3 will be independent directors and the fourth a proprietary director representing Ibervalles. The General Meeting coincides with the capital increase that the company launched last week, with the aim of continuing with its value added investment plan. Its plan is based on the acquisition of prime hotel assets, or properties with the potential for hotel use, located in the main cities and tourist centres of Spain and Portugal, and operated by the leading brands in the luxury segment.

Read the full article in Spanish.

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