Accorhotels has been cleared by the Australian Competition and Consumer Commission to acquire the Mantra Group, it is reported today.
Mantra is one of Australia’s largest hotel and resort operators and marketers.
The Mantra Group has 127 properties; which includes more than 20,000 rooms across Australia and New Zealand.
Under the Mantra Group banner, it operates under three brands – Peppers, Mantra and Brekfree.
Accorhotels says the acquisition still requires approval from Mantra stakeholders. It also requires approval from the Federal Court and the Foreign Investment Review Board.
All going well, it expected the sale will proceed in the second quarter of 2018. Find out more at Accord Hotels: accordhotels.com