Accorhotels has announced the completion of its £730 million acquisition of the Mantra Group.

The transaction was given the all-clear by competition authorities in March, with Accorhotels allowed to pursue the purchase of Australia’s largest hotel and resorts operator.

Mantra represents a portfolio of 127 properties across Australia, New Zealand, Indonesia and Hawaii and includes the Peppers, Mantra and Breakfree brands.

Accorhotels is now the sole stakeholder in the Mantra Group.

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