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.
OCBC removed the option to purchase 500,000 VOYAGE Miles (which is converted into KrisFlyer Miles) for S$10,000 with the OCBC VOYAGE Card in September last year. While new customers still have the option of getting the card at either S$488 (15,000 Miles) or S$3,210 (150,000 Miles), existing principal holders of the VOYAGE Card do not officially have this option with renewal until now.
A 38-villa ultra-luxury resort is set to open in the rare Maldivian oasis of Gaafu Alifu Atoll on 1 February 2019 - the Raffles Maldives Meradhoo is AccorHotels’ fourth property in the Maldives and it will offer unparalleled views of the Indian Ocean for travellers seeking the perfect over-water escape.
AccorHotels has just debuted its award-winning midscale brand, Novotel, with the opening of the new-built Novotel Haikou Xinbudao in the capital city of Hainan province. The property is located on Xinbu Island, a newly developed area in the northeast part of Haikou city, and it is expected to quickly become a favorite on Hainan Island, China’s southernmost province famous for its amiable tropical climate and idyllic sun-blessed beaches.
Capella Hotel Group will be unveiling her first urban resort next year in Thailand - Capella Bangkok is slated to open in Q2 2019 and it will be located on the east bank of the famous Chao Phraya River where it will join the ranks of other luxurious properties in the City of Angels. This strategically-located property will offer a contemporary playground for travellers who wish to immerse themselves in one of Bangkok's oldest neighbourhoods where the burgeoning local arts scene and provincial culinary landscape is flourishing.
Hopping on a taxi and using a ride-hailing app in Singapore is not difficult but I sometimes prefer a proper limousine arrangement (especially when traveling to and from the airport) since they are a lot more comfortable and predictable. My OCBC VOYAGE Card is great since it gives me up to two free rides each month by spending S$3,000 (one free ride) or S$6,000 (two free rides) per calendar month. While this is typically enough for me, I sometimes make two or three trips a month and therefore, I turn to the next best alternative (or so I thought), Wolero One.
The first ever Swissôtel Hotels and Resorts property in Indonesia is set to make its first debut in the city of Jakarta. Slated to open in mid-2019, the Swissôtel Jakarta PIK Avenue will be located in a mixed-used lifestyle mall complex. The hotel will feature 412 spacious guest rooms, six dining outlets, an executive lounge, the Pürovel Spa & Sport facility as well as the city’s largest event space of 3,044 square meters that can accommodate up to 3000 guests in its ballroom.
Now that the MO BAR is officially open, Mandarin Oriental, Singapore is bringing back the popular afternoon tea experience with a bi-monthly seasonal menu with views of Singapore. The MO BAR is a relaxing space that is awash in natural daylight during the day and the antique gold geometric patterns inspired by Polynesian tattoos on the ceiling and façade greet guests upon entering.
San Francisco-based luxury boutique brand, Kimpton Hotels & Restaurants has just opened the first property in the UK in London’s Bloomsbury neighbourhood. The Kimpton Fitzroy London combines late-Victorian heritage with a quirky, modern vibe. The existing glamour of the building, paired with Kimpton’s signature heartfelt service, brings a new hotel offering to London that delivers exclusivity for everyone.
The Hyatt Regency Hangzhou is expected to be re-branded to Grand Hyatt Hangzhou on 18 December 2018. Following 18 months of intensive renovations, the hotel will become the first Grand Hyatt hotel in the Zhejiang Province and the 15th in Greater China. The property will feature 388 redesigned guestrooms and suites that will range from 34sqm to 240sqm and it will create an inviting space for guests and locals to indulge in.
Well-known for her luxury cruises along the Amazon and Mekong Rivers, Aqua Expeditions will be unveiling new vessels and announcing new routes towards the end of November 2018. The recently-announced global expansion is made possible by a USD 28 million capital injection by US-based private equity company, Bison Capital.