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Eat Or Be Eaten – ACCOR Makes Mantra Takeover Bid

Category: Hotels, Posted:09 Oct 2017 | 08:57 am

Consolidation in the hospitality world is continuing unabated with the latest news being ACCOR’s AUD$1.2 billion play on Australia’s Mantra Group.

Mantra has 125 properties with over 20,000 rooms with the core offering being focused down under.

Brands include the Mantra namesake, Breakfree and the upscale Peppers.

The deal is going to due diligence and subject to board approval, and regulatory measures but pending any hiccups it looks set to prosper.

Asia Pacific’s chain profile of hotel operator’s looks to narrow further and one has to wonder where will it all end?

 

 

 

 

 

Other News

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Trio Of Phuket Start-Ups As We Go Local

Category: Tourism, Posted:23 Feb 2021 | 10:02 am Too often the image of Phuket does not reflect the power of local brands and entrepreneurs who are positively going about their businesses, despite the pandemic. Today we are pleased to present three episodes of C9 Hotelworks and Delivering Asia Communications Thai road trip video episodes that give short glimpses into the people and  innovation […]
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Why Phuket’s 70% Restart Needs Private Sector Support

Category: Tourism, Posted:21 Feb 2021 | 12:03 pm Last Friday I was able to attend the roundtable discussion that was organized by the Phuket Tourism’s Association’s Khun Bhummikitti Rukaengam at the Angsana Laguna Phuket. It was an impressive turnout, that included large numbers from both the island’s public and private sector and Minor’s Bill Heinecke was in attendance. What is now being proposed […]
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Phuket Sports and Wellness Resort Transacts

Category: Tourism, Posted:20 Feb 2021 | 15:08 pm The 114-room Thanyapura Sports and Health Resort Phuket has been sold to a Thai group. According to a public notice, the new owner is the Yenbamroong family, who are well known in Thailand’s petroleum industry. In the latest move, the sale effectively is a second step to unwinding the Thanyapura integrated education, sports, and health-oriented […]