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Bob East
Accor becomes Australia’s second biggest employer after USD 1.2 billion acquisition of Mantra Group
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.
Australia’s Mantra Group agrees artistic acquisition
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 […]
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