AccorHotels to acquire Mantra Group Limited - Peppers, Mantra and BreakFree
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.
Accor Live Limitless (ALL) Diamond members now receive complimentary Fairmont Gold Lounge access when staying on an eligible rate.
Goodbye Capri by Fraser, Changi City, hello Dorsett Changi City Singapore.
The brand new Hyatt Centric City Centre Kuala Lumpur, located within walking distance to KLCC, will start accepting reservations for stays from 20 January 2025.
Located along 35 Robinson Road, the new QT Singapore is now accepting reservations from 16 September 2024. This is QT Hotels & Resorts’ first property outside of Australia and New Zealand.
Grand Hyatt Singapore will reopen for stays and business on 10 July 2024. The Grand Wing is slated to reopen in early 2025 and the hotel will complete its transformation into a Grand Living Room and Wellness Haven with 699 guestrooms and suites.
Photos of the newly-renovated Grand Hyatt Singapore have surfaced online with information on available room and suite types in 2024. The Terrace Wing is slated to open later this year but the rooms and suites in the Grand Wing will not be ready until 2025.
Titanium members in the GHA DISCOVERY loyalty program will receive complimentary breakfast on eligible stays from 05 April 2024 at participating brands.
The Hyatt Regency West Hanoi will soon become Marriott International’s third property in the city once it has been reflagged to Sheraton Hanoi West.
Alila Ubud is a hideaway resort that is perched high above the Ayung River - the property which is well-known for its incredible pool has increased the average room rate by close to 70% for 2024 and this might be a good time to redeem your World of Hyatt Points for an award stay.
Global Hotel Alliance (GHA) has just added four new prestigious regional hotel brands to its portfolio, expanding its presence in some of the world's most popular tourism destinations.