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Bob East

Michael Issenberg with Simon McGrath COO of Accor APAC

Accor becomes Australia’s second biggest employer after USD 1.2 billion acquisition of Mantra Group

Global, Hotels, UK /

Recent weeks have seen a flurry of deals and acquisitions from the French multinational and industry juggernaut Accor. May alone saw the USD 105 million purchase of Chilean hotel group, Atton Hoteles;  April concluded with the sensational buy-up of Mövenpick Hotels & Resorts — for a cool USD 567 million, on top of successful deals for a 50% interest in Mantis Group and the full acquisition of table reservation platform, ResDiary.

Accor becomes Australia’s second biggest employer after USD 1.2 billion acquisition of Mantra Group Read More »

Australia’s Mantra Group agrees artistic acquisition

Australia, Hotels /

Mantra Group, the Australian hotel company, has entered into an agreement to acquire the Art Series Hotel Group. The deal with the Deague Group is worth approximately AU$52.5 million (US$41.6m) and will see Mantra take control of seven luxury hotels featuring more than 1,000 guest rooms. As a result, Event Hospitality & Entertainment, which manages

Australia’s Mantra Group agrees artistic acquisition Read More »

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