Bob East

Bob East

Mantra Group has been taken off the market and will not be sold, CEO Bob East has told Hotel Management. He said there had been offers for the hotel operator but they weren’t good enough.

“A number of considerations were made by the Board on some extremely competitive offers, but to do justice to a profitable asset like Mantra Group, we set a very high benchmark,” he said. Mr East is forecasting pre-tax earnings of A$65m.

Share and Enjoy: