Mantra adds five hotels to booming portfolio

mantra-observatory-port-macquarie

Australia-based hotel and resort operator Mantra Group has secured five additional hotel signings, adding to its inventory 900 rooms across Australia and New Zealand.

The hotels are newbuilds Peppers Southbank (Melbourne), Mantra 900 Hay Street (Perth) and Peppers Queenstown Resort (Queenstown), in addition to Mantra Club Crocodile (Airlie Beach) and Mantra Observatory (Port Macquarie), which are being rebranded from the existing Club Crocodile and The Observatory respectively.

“The latest group of acquisitions reinforces the strong momentum in our growth strategy and highlights our ability to convert our pipeline,” said Mantra Group CEO Bob East.

In FY2016, Mantra Group increased its inventory by 3,000 rooms across 11 new properties, making it “Australia’s fastest growing hotel group for the year”, according to Mantra.

East added: “With seven acquisition announcements in the first five months of FY2017, we’re well-placed to exceed last year’s record result.”

Mantra currently operates the second largest network of accommodations in Australia by room number.

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