FROM THE EXECUTIVE DIRECTOR of ACQUISITIONS
Welcome to the New Year and this year’s first edition of ADVANCE. In this update, we highlight recent development outcomes, the appointment of a Senior Executive to the Acquisitions team and highlight four new hotels joining Mantra Group.
Last year proved to be another remarkable year for our Acquisitions Team at Mantra Group with a number of hotels, resorts and serviced apartments added to our portfolio, both domestically and abroad.
Movement in the number of rooms under management is often a revealing performance metric in the hotel industry and in this area Mantra Group has demonstrated market-leading growth. The graph below illustrates a running total of the number of rooms added to Mantra Group’s portfolio through hotel acquisitions in the last five years. With 11 new properties and in excess of 3000 rooms added in FY16 (an increase in total keys under management of more than 20%) we continue to affirm ourselves as the fastest growing and largest Australian based hotel and resort operator.
Expansion throughout the year also saw Mantra Group sustain its reputation for expertise in management under all available models by engaging in Management and Letting Rights purchases, Hotel Management Agreements and Leases. The charts below depict the number of keys under management by brand and hotel management model. This flexibility, in addition to our 5500+ team members, allows us to deliver products ranging from 3 to 5 stars in Australia and overseas.
Surging forward we have announced a further seven properties, spread across four Australian states and New Zealand, to open in 2017.
Further boosting our capabilities is the recent addition of Andrew McTaggart in the role of Development Manager. Andrew possesses invaluable knowledge and expertise in the industry and we are excited to work alongside him during this period of unrivalled growth.