Life at The Top – AccorHotels Completes Mantra Acquisition

AccorHotels today completed the purchase of Mantra Group and its 138 properties in Australia, New Zealand, Hawaii and Bali for $1.2 billion, a process that took much longer than originally expected when the Australian Competition and Consumer Commission delayed its decision on the deal.

The result is an operation with 330 properties, more than five times larger than the next biggest regional operator, TFE Hotels. Pictured are Simon McGrath and Michael Issenberg from AccorHotels at Peppers DSoul on the Gold Coast.

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