Accorhotels gets okay for Manta acquisition


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 Brekfree.

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.


By material: