AccorHotels has announced that it has completed its acquisition of Mantra Group for $1.2 billion. The deal includes the Mantra, Peppers, BreakFree and Art Series brands, representing 138 hotels in Australia, New Zealand, Hawaii and Bali.
AccorHotels is a significant contributor to the Australian tourism industry, and this deal is a signal of their confidence in Australia as an attractive destination for global travellers.
At the close of the deal, AccorHotels will operate over 330 hotels and resorts across Australia and over 900 throughout Asia Pacific. AccorHotels will also be the largest employer on the Gold Coast, outside of government.
The Mantra Group brands will enhance AccorHotels’ portfolio and create new opportunities for AccorHotel’s people, partners and guests.
Innovative growth is also a hallmark of both AccorHotels and the Mantra Group.
Mantra’s brands and properties perfectly complement the AccorHotels network and will enable them to provide new destinations and new experiences for our guests.
The Mantra Group leadership team will continue to be based in the Gold Coast office, reporting to Mr McGrath, in line with all other AccorHotels Pacific business units.
Click here to read about promotion that AccorHotels has to offer!
Global apparel retailer UNIQLO has forged a partnership with the Singapore National Paralympic Council (SNPC)…
Bosch is set to revolutionize the way you experience home living with the grand opening…
SG POCKY launches its exciting 'Happiness in a Snap' summer campaign in Singapore this May.…
Luckin Coffee has unveiled its latest offering, the Luckin Black Cup Sumatra Gayo series, inviting…
Emirates relaunches its daily Phnom Penh service via Singapore, reaffirming its commitment to connectivity in…
In celebration of Mother's Day, Air Canada is spreading love and appreciation with a special…