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 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 on Queen has enhanced its reputation as one of Brisbane’s most comfortable and stylish city escapes with the completion of a major $2.2million refurbishment.
There’s no doubting Adelaide has its romantic side, so Mantra on Frome is calling all Romeos to make the most of the stylish city hotel’s newly opened balconies.