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.
accorhotels.com