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Accorhotels gets okay for Mantra acquisition

Accorhotels logo on a building

Accorhotels has been cleared by the Australian Competition and Consumer Commission to acquire the Mantra Group.

Mantra is one of Australia’s largest hotel and resort operators and marketers, with 127 properties and more than 20,000 rooms across Australia, New Zealand, Indonesia and Hawaii. It operates under three brands – Peppers, Mantra and Breakfree.

Accorhotels says the acquisition still requires approval from Mantra stakeholders, as well as approvals from the Federal Court and the Foreign Investment Review Board, but expects the sale to happen in the second quarter of 2018.

accordhotels.com

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