The first hotel to open in Traralgon, Australia, in more than ten years, Mantra Traralgon is set to become a destination of choice for business travellers and leisure guests.
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 completed the acquisition of Mantra Group today. The deal is worth a total of AU$1.3 billion (€830 million) and sees AccorHotels become the only shareholder in Mantra.
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.
AccorHotels has made a non-binding $1.2 billion takeover offer for Mantra Group, Australia’s second-largest hotel operator. French-based Accor is already the largest hotel operator in the country.
Mantra Group has revealed expansion plans in Bali across all three of Mantra Group’s brands – Peppers, Mantra and BreakFree – over the next 12 months. The group opened its first property in Asia this year, which recently completed final touches in readiness for holidaymakers, conference groups, wedding parties and honeymooners.
On the back of opening its first hotel in Asia, Mantra has revealed further expansion plans. The Australian hotel brand’s regional network is set to grow with new properties in Wagga Wagga, Broome, and Townsville while investments in new developments at existing hotels in Geraldton and on the Sunshine Coast are also under way.
Leading Australian accommodation provider, Mantra Group has announced three new appointments to its Regional Human Resources (HR) management team.
Mantra on Kent, Sydney unveiled its $1.5million hotel refurbishment which includes a floor-to-ceiling transformation of their 105 guest rooms, restaurant, meeting facilities, lobby and more.
Popular Australian accommodation brand, Mantra Hotels & Resorts, is set to open its first hotel in Asia with a new resort development in Bali opening in December.