Across Australia, New Zealand and Hawaii, whether you want less hassle on business trips or more good times on holiday, Mantra makes room for you. Unwrap a bargain for 2020 holidays with Accor’s Boxing Day Sale 17 December 2019 . AccorHotels is a world-leading travel & lifestyle group and digital innovator offering unique experiences in more than 4,300 hotels, resorts and residences across 100 different countries. She said: “The Accor/Mantra acquisition is testament to … Download images here: https://spaces.hightail.com/receive/7llIRmspzv. And we are moving just as fast. Faena group and Accor embark on global venture... An ambitious line-up for new hotel openings in 2021, #DisabilityStories to promote disability awareness, Our message of solidarity spreads across the world. We are 300,000 Heartists placing people at the heart of what we do, and nurturing real passion for service and achievement beyond limits. Whether you’re travelling for business or relaxing with family, you will feel AccorHotels has signed an agreement with Mantra Group with the view to acquire all of the issued capital in the company by way of a scheme to be approved by Mantra … Simon McGrath, COO of AccorHotels Pacific said, “The Mantra Group brands will enhance AccorHotels’ portfolio and create new opportunities for our people, partners and guests. Shareholders will vote on the scheme at a meeting currently expected to be held in March 2018. Welcome to ALL – Accor Live Limitless, our global lifestyle loyalty program. holders. “Mantra’s brands and properties perfectly complement the AccorHotels network and will enable us to provide new destinations and new experiences for our guests. Offering premium accommodation with a warm welcome in bustling cities and favorite holiday destinations. Guests have access to one of the world’s most attractive hotel loyalty programs - Le Club AccorHotels. AccorHotels today announced the signature of an agreement with Mantra Group Limited 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. Price observed on all.accor.com within the past 24 hours, for a one night stay within the next eight days, starting tomorrow. AccorHotels will acquire Australian hotel and resort operator Mantra Group. ... Accor Group … The $1.2 billion bid by AccorHotels for Mantra Group has been given the green light by the competition regulator, in a move that will create the biggest hotel operator chain in the country. The $18 million development marks the first hotel to open in Traralgon in more than 10 years. “Our innovation in economic business models, brands and customer initiatives has fueled our growth over the last 27 years and the Mantra Group has built an innovative business focused on the best partnership experience for its 10,000 strata title owners,” he said. Search news. rooms, “Lifestyle: Accor’s asset for the future.”, An ambitious line-up for new hotel openings in 2021, Accor reaffirms its commitment to gender equality, Accor and Expedia Group join forces to expand UNESCO sustainability pledge into 96 countries, 2020: Accor demonstrates resilience and adaptability. Buy a Mantra Group gift card and exchange it for holiday accommodation at over 100 spectacular destinations throughout Australia and across the Peppers, Mantra & BreakFree accommodation brands. Under the terms of the agreement AccorHotels would offer AUD3.96 in cash for each Mantra share including any potential special dividend. Accomnews spoke with TAA, ACCC and AccorHotels about what this latest takeover news signals for the sector.. TAA CEO Carol Giuseppi spoke with Accomnews on Friday, stating that the agreement is reflective of the current market. AccorHotels now own Mantra Group's Ala Moana Hotel in Hawaii. Accor and Expedia Group join forces to expand UNESCO sustainability pledge into 96 countries ... New Zealand and Indonesia, whether you want less hassle on business trips or more good times on holiday, Mantra makes room for you. The first hotel to open in Traralgon in more than 10 years, Mantra Traralgon is set to become a destination of choice for business travellers and leisure guests looking for convenient, contemporary accommodation in Victoria’s spectacular Gippsland region. Accor and LA Hotel Group have officially opened the new-build, 50-room Mantra Traralgon hotel in the heart of Latrobe Valley’s largest city. Search news. By continuing to browse this site, you accept the use of cookies for the purpose of analyzing and measuring the traffic, frequency and browsing, defining services and offers customized to your personal interests and as well as sharing with or redirecting to third party sites, in particular social networks. 78 hotels. Accor will launch its largest ever Boxing Day Sale on 26 December, with savings of up to 25 percent at more than 120 hotels, resorts and apartments. AccorHotels will also be the largest employer on the Gold Coast, outside of government. The French-based operator was granted access to carry out due diligence on the ASX-listed Mantra Group in October 2017. Relying on its global team of more than 250,000 dedicated staff, AccorHotels is committed to fulfilling its primary mission: to make every guest Feel Welcome. Since our launch with the Novotel Sydney on Darling Harbour in 1991, AccorHotels has become the largest hotel group in the Pacific, and Australia has always played a key role in that story. For more information or to make a reservation, please visit accorhotels.group or accorhotels.com. Accor optimizes its capital structure with the successful placement... https://spaces.hightail.com/receive/7llIRmspzv. By continuing to browse this site, you accept the use of cookies for the purpose of analyzing and measuring the traffic, frequency and browsing, defining services and offers customized to your personal interests and as well as sharing with or redirecting to third party sites, in particular social networks. At the close of the deal, AccorHotels will operate over 330 hotels and resorts across Australia and over 900 throughout Asia Pacific. 15,586 We see enormous value in leveraging Mantra Group’s entrepreneurial spirit and expertise to create new opportunities. Mantra Group shareholders on Friday voted overwhelmingly to approve the $1.2 billion sale of Australia's second biggest hotel and resort operator to Paris-based giant, Accor. Accor has confirmed confirmed that it has signed an agreement to pay $3.96 Australian dollars for each share of Mantra, or around $1 billion total in U.S. dollars. Michael Issenberg, Chairman and CEO of AccorHotels Asia Pacific said, “The Mantra Group is the latest chapter in the strong growth story of AccorHotels in the region. Benefit from the expertise and support of a major Group to meet your needs and get the best return on your investment. Accor  has developed a unique know-how in boosting hotel’s performance. Or join and follow us on Twitter and Facebook. Mantra has more than 5,500 employees. AccorHotels confirmed an agreement with Mantra Group late last week, inching towards acquisition. Mantra Group Ltd on Thursday (12/10) agreed to a A$1.18 billion ($920 million) buyout from French hotel company Accor SA, a deal which will create the biggest hotel group … Benefit from the expertise and support of a major Group to meet your needs and get the best return on your investment. Our transparency is the milestone of your trust. All the financial information related to our Group. Accor SA is publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACRFY) in the United States. On the famous Gold Coast Mantra offers an extensive portfolio of properties including Surfers Paradise accommodation icons. And we are moving just as fast. All the financial information related to our Group. With an unrivaled portfolio of internationally renowned hotel brands encompassing the entire range from luxury to economy, from upscale to lifestyle and midscale brands, AccorHotels has been providing savoir-faire and expertise for more than 50 years. Director of Communications, AccorHotels Pacific. 3 countries. We believe that Tourism is critical to the economic growth of the region and future job creation and this deal will allow us to further develop the industry.”. Mantra Group has announced it has signed an agreement to be taken over by Accor. Our transparency is the milestone of your trust. We are more than 260,000 Heartists placing people at the heart of what we do, and nurturing real passion for service and achievement beyond limits. We work every day to create hospitality experiences that have a positive impact on the planet and communities in which we operate. Mantra will continue to operate as a separate, Queensland-based business under Accor’s ownership, with Mantra Group leadership team on the Gold … By continuing to browse this site, you accept the use of cookies for the purpose of analyzing and measuring the traffic, frequency and browsing, defining services and offers customized to your personal interests and as well as sharing with or redirecting to third party sites, in particular social networks. From 2008, the AccorHotels Solidarity Endowment Fund has acted as a natural extension of the Group’s activities and values, helping to combat the social and financial exclusion experienced by the most disadvantaged members of society. The Mantra Group leadership team will continue to be based in the Gold Coast office, reporting to Mr McGrath, in line with all other AccorHotels Pacific business units. What we do: elevating life with brands through limitless experiences to Live, Work, Play and Do Business. Price subject to the hotel conditions, period and availability. French hotel giant Accor has acquired Australia’s largest hotel group, Mantra, for $1.2 billion, in a deal that will take at least three years to settle. Across Australia, New Zealand and Indonesia, whether you want less hassle on business trips or more good times on holiday, Mantra makes room for you. In 1967, they founded the hospitality group Société d'investissement et d'exploitation hôteliers (SIEH) and opened the first Novotel hotel outside Lille in northern France. AccorHotel guests will now be able to stay at a range of hotels from five-star luxe to resorts to family friendly properties. We welcome our Mantra colleagues to AccorHotels and together, we will benefit from our shared values, expertise and entrepreneurial spirit,” Mr McGrath said. We work every day to create hospitality experiences that have a positive impact on the planet and communities in which we operate. The deal will now go to share. Located in the most sought after destinations, the choice of accommodation caters for both corporate and leisure travellers. 15,586 rooms. The Mantra Group leadership team will continue to be based in the Gold Coast office, reporting to Mr McGrath, in line with all other AccorHotels Pacific business units. We provide our hotel operator expertise to serve our clients, partners and talented employees, bringing our vision of Augmented Hospitality to life. With Mantra hotels, resorts and self-contained apartments on the coast and in the city, you will always find the perfect space in the ideal place. It’s a fast-moving world we live in. Accor was founded in 1963 by Paul Dubrule and Gérard Pélisson in Paris, France. With hotels, resorts and self-contained apartments on the coast and in the city, you will always find the perfect space in the ideal place. The Group is also active in the fields of concierge services, co-working, dining, events management and digital solutions. Mantra Group gift cards are available in denominations between $50 and $2000. Explore a wide portfolio of brands to fit your mood and lifestyle, from luxury to budget-friendly, resorts and apartments. We provide our hotel operator expertise to serve our clients, partners and talented employees, bringing our vision of Augmented Hospitality to life. Mantra Group News. Accor and LA Hotel Group today opened the new-build 50-room Mantra Traralgon hotel in the heart of Latrobe Valley's largest city. Depending on the country, these prices may not include taxes, may include VAT only or … Mantra Traralgon comprises of five levels and features 50 … Accor and LA Hotel Group today opened the new-build 50-room Mantra Traralgon hotel in the heart of Latrobe Valley’s largest city. Mantra Group is the best-performing stock on the ASX today, after it received a $1.2 billion takeover offer from Paris-based Accor Hotels. AccorHotels plays an active role in its local communities and is committed to promoting sustainable development and solidarity through PLANET 21 Acting Here, a comprehensive program that brings together employees, guests and partners to drive sustainable growth. Accor and LA Hotel Group today opened the new-build 50-room Mantra Traralgon hotel in the heart of Latrobe Valley’s largest city. MANTRA shares soared more than 16 per cent on Monday after French hotel giant Accor offered to buy the Queensland accommodation group for $1.2 billion. The first hotel to open in Traralgon in more than 10 years, Mantra Traralgon is set to become a destination of choice for business travellers and leisure guests looking for convenient, contemporary accommodation in Victoria’s Accor  has developed a unique know-how in boosting hotel’s performance. Opening new ways towards positive hospitality. The deal is subject to Australia’s Foreign Investment Review Board and Australian Competition and Consumer Commission approvals. We look forward to combining the talent and expertise of both groups to create an even more innovative, agile and dynamic team.”, Bob East, CEO of Mantra Group said, “I am immensely proud of the great company we’ve built and what we’ve achieved as an Australian-based business. THE $1.2 billion sale of Mantra Group to Accor Hotels has been approved by the Foreign Investment Review Board (FIRB) and could be finalised as early as May.The FIRB issued a statement of "no objection" under the Foreign Acquisitions and Takeovers Act for the transaction in which French giant AccorHotels will acquire 100 per cent of Mantra. Accor uses cookies on its website. It’s a fast-moving world we live in. MantraHotels.com offers an extensive range of more than 120 resorts, retreats, hotels and apartments throughout Australia, New Zealand, Bali and Hawaii. In addition to its core hospitality business, AccorHotels has successfully expanded its range of services, becoming the world leader in luxury private residence rental with more than 10,000 stunning properties around the world. What we do: elevating life with brands through limitless experiences to Live, Work, Play and Do Business. The deal will grow Accor's already strong presence in the country and the Asia/Pacific region. Accor acquisition of mantra group limited 1 www.dransfield.com.au Accor Rationale AccorHotels saw the opportunity to underpin its long-term growth in the Asia Pacific region, through the acquisition of the complementary Mantra business platform The combined geographic footprint, together with … Mr McGrath added that innovative growth was a hallmark of both AccorHotels and the Mantra Group. Mantra’s expertise in apartment management, in particular, will offer a new opportunity for growth. “Under Bob East’s leadership this bespoke approach and responsiveness has seen it maintain and grow rooms under management. Novotel, inspired by American motels, was a new concept in France, between high-end palaces and independently operated hotels, offering comfortable rooms, a restaurant and a parking, with an industrialization model for rapid growth. Mantra's extensive collection of hotels, resorts and apartments across Australia and New Zealand offer ideal accommodation when travelling for either work or leisure. Accor and LA Hotel Group have officially opened the new-build, 50-room Mantra Traralgon hotel in the heart of Latrobe Valley’s largest city. I have enormous belief in the business and the team here is looking forward to working with Simon and AccorHotels to continue this success.”. Accor is the leading Augmented Hospitality hotel group offering unique and meaningful experiences in more than 5,100 hotels across 110 countries. “I’m looking forward to getting my feet under the desk at the Gold Coast, working with the team and getting to know the detail of this business. Mantra Group’s board has just revealed (Oct 12) it has approved the proposal from AccorHotels to acquire the company for over AUD$1.3 billion. Opening new ways towards positive hospitality. Yesterday, AccorHotels officially took the wheel at Mantra Group. right at home with Mantra. “I’m looking forward to getting my feet under the desk at the Gold Coast, working with the team and getting to know the detail of this business. It’s been an enjoyable journey for me leading the team since 2007 through to our float on the ASX in 2014 and now closing this deal with AccorHotels. AccorHotels and Mantra’s combined geographic footprint, together with enhanced distribution and systems, would form a favorable base from which AccorHotels can expand further in the region. “AccorHotels is a significant contributor to the Australian tourism industry, and this deal is a signal of our confidence in Australia both as an attractive destination for global travellers but also as a feeder market for our Asia Pacific and wider network.”. Mantra Group News. ... Accor premium hotel brand, The Sebel, will reach 35 properties in the Pacific with the announcement three new The Sebel hotels are set to open in Australia and New Zealand within the next 12 months.
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