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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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UWC Phuket Enters International School Property Market

Category: Real estate, Posted:20 Sep 2022 | 08:46 am One of Phuket’s leading international schools UWC has entered into a development deal for integrated living. The school has subdivided a portion of its land adjacent to the campus and will have properties built by a Phuket real estate group TYSSEN VIP Development. Branded as the Campus Villas, the 44-unit gated estate offers four types […]
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Noku Hotels Open Fourth Hotel, This Time It’s Phuket

Category: Hotels, Posted:10 Sep 2022 | 21:07 pm Boutique hotel group Noku has opened its fourth property, with Phuket as its latest destination. The Noku Phuket features 91 villas and lofts, overlooking Chalong Bay. Its sustainable design has earned it a Green Mark Gold Award. The group also operates properties in Maldives, Kyoto, and Osaka. Noku Hotels was founded by  Chris Teo of […]
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Radisson Re-Enters Phuket Hotel Market

Category: Hotels|Real estate, Posted:10 Sep 2022 | 13:49 pm Global brand Radisson has returned to Phuket with a 179-key property in Kamala, owned by the Destination Group. The Radisson Resort and Suites Phuket is a conversion of the former Swissotel, which had been managed by ACCOR. It is an all-suite property with one, two and three bedroom units. Nearby the hotel, the large-scale tourism […]
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