Eat Or Be Eaten – ACCOR Makes Mantra Takeover Bid
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?