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- 1. Mantra Signs Five Hotels in Australia and New Zealand
Mantra has signed five hotels with a combined total of more than 900 rooms across Australia and New Zealand. The hotels are: Peppers Southbank, Melbourne VIC; Mantra 900 Hay Street, Perth WA; Peppers Queenstown Resort, Queenstown NZ; Mantra Club Crocodile, Airlie Beach QLD; and Mantra Observatory, Port Macquarie NSW.
- 2. Executive Appointments at Australiaís Mantra Group
Mantra Group has made the following appointments across its portfolio of Peppers, Mantra and BreakFree properties. Rebecca Noyes (pictured), currently General Manager of BreakFree Diamond Beach, has been appointed to General Manager of Mantra Sierra Grand. Rebecca has 17 years of experience as a General Manager and has been with Mantra since 2004.
- 3. AccorHotels to Acquire Australiaís Mantra Group
AccorHotels has signed an agreement with Mantra Group 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.
- 4. Mantra Group Expands New Zealand Portfolio with Two New Hotels
The Mantra Group has expanded its portfolio of hotels in New Zealand with two properties joining the groupís Peppers and Mantra hotel networks. The new additions - Peppers Portage and Mantra Lake Tekapo - will bring the total New Zealand network to 12 properties comprised of eight Peppers retreats and resorts; two Mantra resorts and two BreakFree resorts.
- 5. Mantra Expands its Portfolio of Hotels in Australia
Mantra, an Australian hotel brand, is expanding its portfolio with new hotels in Wagga Wagga, Broome, and Townsville while investments in new developments at existing hotels in Geraldton and on the Sunshine Coast are also under way. Mantra Group CEO, Bob East, said the new additions would complement the diverse network of 50 Mantra properties across Australia. Mantra expects to hav
- 6. Mantra Reports H2 2014 Results
Mantra Group Limited (Mantra Group) has reported that for the half year ended 31 December 2014, it delivered total revenue of $252.7 million a 9.4% increase on H1 FY2014. Mantra currently has total assets of $545 million, net assets of $279 million and a strong cash flow. Mantra achieved period-on-period growth in each of its operating segments:
- 7. Mantra Takes Over Australiaís Largest Apartment Hotel
Mantra Group has purchased the Towers of Chevron Renaissance management rights, which consists of 711 apartments across three towers reaching between 35 to 50 levels in height. The property has rebranded as Mantra Towers of Chevron Surfers Paradise and brings the number of Mantra-branded properties to 12 on the Gold Coast. Mantra Group now operates 21 properties on the Gold Coast a
- 8. Mantra Hotels Resorts and Apartments to open New Resort in Australia
Mantra Hotels Resorts and Apartments to open New Resort in Australia. Welcoming its first guests from August 2008, Mantra City Beach Wollongong will offer 168 stylish rooms, signature restaurant, bar, cafť and first class conferencing facilities for up to 350 delegates. The addition of Mantra City Beach boosts Mantra's portfolio to over 50 premium hotels, resorts and apartments con
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