May 1 (Reuters) - Millennium & Copthorne Hotels Plc's first-quarter profit fell 15.5 percent, hurt by sluggishgrowth in Asia and the higher cost of refurbishing some of itskey hotels.
Pretax profit fell to 20.1 million pounds ($33.94 million)in the quarter ended March 31 from 23.8 million pounds a yearearlier.
Revenue at the company, which operates the Millennium, GrandMillennium, Copthorne and Kingsgate hotels, fell 0.3 percent to175.3 million pounds. ($1 = 0.5922 British Pounds) (Reporting by Aastha Agnihotri in Bangalore; Editing by RobinPaxton)