Leading Australian accommodation provider Mantra Group today confirmed it has received enquiries from parties interested in investing in the accommodation giant, following media reports that the Group’s joint owners are undertaking a strategic review of the business.
Mantra Group CEO, Bob East, said any potential transition of shareholding would have no bearing on the current management and operation of Mantra Group and its network of over 100 hotels under its Peppers, Mantra and BreakFree brands in Australia and New Zealand.
“Mantra Group is consistently forecasting ahead of market trends in most CBD and regional locations and well placed for continued success throughout 2012,” Mr East said.
“Our brands are more recognisable with travellers than ever before and there has been a significant increase in interest from owners and developers appointing Mantra Group as their preferred operator, a reflection on the status of our brands and our credibility within the accommodation sector across Australia and New Zealand.
“There is no foreseeable impact on the current operational team or management of the business should change of shareholder take place.”
Mantra Group is a leading manager and marketer of hotels and resorts in Australia and New Zealand. The Group owns and operates three well-known and trusted brands – Peppers, Mantra and BreakFree.  With over 100 properties and 15,000 rooms under management, Mantra Group is the second largest accommodation operator within Australia. The Group is positioned to offer both leisure and business style accommodation ranging from self-contained apartments to luxury resorts and retreats.
Mantra Group today confirmed it has received approaches from potential investors. Mantra has more than 100 hotels under its Peppers, Mantra and BreakFree brands in Australia and New Zealand. Mantra CEO Bob East later told Travel Today: “Broadly speaking it looks like a good time to take it to the next level”. And that could mean international expansion. Mantra is owned by CVC Asia Pacific, UBS and management.
Share and Enjoy: