After much speculation in the market, AccorHotels has just announced the the signature of an agreement with Mantra Group Limited with the view to acquire all of the issued capital in Mantra by way of a scheme of arrangement 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.
Mantra is one of Australia’s largest hotel and resort marketers and operators with 127 properties and over 20,000 rooms in hotels, resorts and serviced apartments across Australia, New Zealand, Indonesia and Hawaii. Properties in Mantra’s portfolio range from luxury accommodations and coastal resorts to serviced apartments in city and key leisure destinations, under three key brands: Peppers (28 properties), Mantra (75 properties) and BreakFree (24 properties). Mantra also manages core accommodation services including guest relations and reception areas, restaurants and bars, conference and function centres, pool and entertainment facilities and offices. Mantra has more than 5,500 employees.
AccorHotels and Mantra’s combined geographic footprint, together with enhanced distribution and systems, would form a favorable base from which AccorHotels can expand further in the region. Mantra’s expertise in apartment management, in particular, will offer a new opportunity for growth.
The latest Hyatt Regency property in China has just opened in Jiangsu province (East China) and the Hyatt Regency Zhenjiang occupies levels 59 to 76 of the city's highest skyscraper. The 318-room Hyatt Regency hotel is set to provide travelers and locals alike with a fresh perspective of the city by providing an energising place to connect with the very best of Zhenjiang.
Following the premature ending of 10X OCBC$ for mobile payments made using the OCBC Titanium Rewards card, OCBC has just announced that they will be removing the option for OCBC VOYAGE Cardholders to purchase 500,000 VOYAGE miles for S$10,000. The last day to take advantage of this offer is 31 August 2018 and following that, OCBC VOYAGE Cardholders will only be able to renew their VOYAGE Card by paying either S$488 or S$3,210 for 15,000 and 150,000 VOYAGE Miles respectively.
The Pullman Bali Legian Beach has just announced the addition of 12 newly-built Garden Suites which are an added extension to the 364-room property. These suites are located on the ground floor of the hotel and they are great for families who wish to stay in Legian.
The highly-anticipated Banyan Tree Kuala Lumpur is currently offering an Opening Celebration Offer for bookings made between 01 July 2018 and 30 September 2018 from MYR 828 (SGD 280) Nett. The newly-opened 5-star property is approximately 45 minutes drive from the Kuala Lumpur International Airport (KUL) and it is located in the city's Golden Triangle.
Visit Monaco, the Government and Tourist Authority, of Monaco has announced the launch of the principality’s ‘Green is the New Glam’ campaign to become a destination that is as environmentally conscious as it is glamorous. Home to the hugely successful Monaco e-Rally, the eco-responsible Grimaldi Forum and Cultural Centre, and the marine conservation Monaco Blue Initiative attended annually by experts in ocean management and conservation from the UN, UNESCO, European Commission and more, Monaco has long made bridging the gap between luxury and sustainability a priority. The ‘Green is the New Glam’ campaign aims to build on this commitment and bring it to the forefront of the principalities agenda.
Hoshino Resorts will be unveiling a brand new KAI property in the Hakone district on 27 July 2018 and this will become the 15th property under the greater brand umbrella. The KAI Sengokuhara will become the second KAI brand in Hakone (the current KAI Hakone is situated along the Sukumo River), and it will feature private hot spring baths in each of its 16 guest rooms.
So it appears that Singapore will be getting another Holiday Inn Express property at the beginning of next year - I only realised this when I was trying to book the InterContinental Singapore (again!) for a future stay. The Holiday Inn Express Singapore Serangoon will become Singapore's fourth Holiday Inn Express property and it appears that it will be taking over the existing Pinnacle Hotel based on the address.
The newest Novotel property (500th in the whole world) has just opened in Seoul - the 523-room Novotel Ambassador Seoul Dongdaemun offers close proximity to major historical sites including Heunginjimun, one of the “Eight Gates of Seoul” dating back to the 14th century. Ease and convenience are enhanced here with the use digital technologies which include a mobile concierge and a smart phone which guests can use freely during their stay.
To celebrate the entrance of Raffles, Fairmont and Swissôtel Hotels & Resorts into the Le Club AccorHotels loyalty program, members will now be eligible to earn 1,000 additional bonus points for stays across participating properties (from the three aforementioned brands) from 02 July 2018 to 19 August 2018.
The Hyatt Regency Beijing Wanjing is the first Hyatt Regency branded property in the capital of China. Located in the new Central Business District (CBD), the Hyatt Regency Beijing Wangjing is set to become a landmark within the district. The property projects the very core of Wangjing’s unique culture, from its history and local community to its ever-changing and modernized look today.