Hotel and resort company Mantra Group boosted its net profit by more than 22% to $45.6m for the year to June 30, 2017. CEO Bob East said: “The majority of this improvement was driven by six new property acquisitions during the year supported by strong revenue growth from the key markets of Sydney, Melbourne, ACT, and Sunshine Coast.”

Mantra Group operates 128 properties with more than 21,500 rooms across Australia, New Zealand, Indonesia and Hawaii. Its brands include Peppers, Mantra and BreakFree.

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