Capital City Growth for Mantra
Mantra Group has secured the leasehold for a new Mantra branded full-service hotel in Canberra city to open late 2016.
An existing office tower, located on the corner of Northbourne and McCarthur Avenues in the inner city suburb of Turner, will be converted into a 176 room hotel, as part of a new master planned mixed-use precinct. The development is part of the urban renewal of Canberra's key inner city suburbs by delivering an attractive mix of residential, retail and commercial uses.
The property will be known as Mantra Macarthur Hotel and will offer a mix of 136 hotel rooms and 40 suites across eight accommodation levels. Careful consideration has been given to creating flexibility in bedroom configuration by cleverly using interconnecting functionality between suites and hotel rooms to allow for convenient two bedroom suite room types.
“The key appeal of this opportunity was again a high quality new foothold in Canberra where we currently only operate 300 rooms across three hotels. The Capital benefits from a growing annual events calendar and continues to show improved performance across both the leisure and corporate travel market with room for a quality, well located hotel such as Mantra Macarthur Hotel,” said Michael Moret-Lalli, Mantra Group Director of Acquisitions.
The hotel facilities will include a restaurant and bar, conference rooms, gym, and car parking.
Mantra Group currently has a Peppers, Mantra and BreakFree hotel in Canberra which offer luxury, mid-range and economy hotel options.