Designed by architects Peddle Thorp and Bruce Henderson Interiors, the two-wing 214-room hotel will feature a selection of light-filled, contemporary hotel rooms, one-bedroom apartments and two-bedroom interconnecting apartments.
AccorHotels has welcome an Australian Competition & Consumer Commission decision to clear the acquisition of Mantra Group.
AccorHotels has signed an agreement with Mantra Group with the view to acquire all of the issued capital in the company by way of a scheme to be approved by Mantra shareholders. Under the terms of the agreement AccorHotels would offer AUD3.96 in cash for each Mantra share including any potential special dividend.
Leading Australian accommodation provider, Mantra Group, has reported strong end of financial year results with a 9% growth in EBITDA (YOY) to reach $60.6 million, reflecting a successful 2011/2012 financial year across both CBD and resort markets.
Mantra Group has announced further expansion to its network of boutique Peppers Retreats and Lodges in Australia with the addition of Rundells Alpine Lodge in Victoria’s Mt Hotham ski fields.
Mantra Group, one of Australia’s leading accommodation providers, has confirmed their commitment for growth with the launch of two new Peppers Retreats - Peppers Ruffles Lodge & Spa in the Gold Coast Hinterland and Peppers Coorabell Retreat in the Byron Hinterland.