FROM THE DIRECTOR of ACQUISTIONS
Welcome to 2015 and to the year’s first edition of ADVANCE. I trust you had an enjoyable festive season and we do hope that 2014 was a positive year for all our hotel investment community colleagues.
For the development team at Mantra Group, 2014 was certainly a productive year, marked by numerous highlights and a record 10 new hotel openings, which combined added almost 1,000 rooms to our expanding portfolio.
Perhaps most pleasing, however, was that our 2014 acquisitions were spread across four states of Australia and one overseas destination (Bali), delivering on our promise to extend the reach of each of our three brands, BreakFree, Mantra, and Peppers.
And, Mantra Group’s expansion throughout 2014 saw us engage in an equal share of Hotel Management Agreements, Leases, and Management Rights purchases, demonstrating our flexibility and expertise across the full spectrum of hotel management models.
This period of Mantra Group’s expansion has, in large part, been achievable due to the buoyancy of the Australian hotel investment market, which in 2014 was again characterised by activity levels not seen since 2007. Hotel businesses are trading well, investor confidence in the industry is swelling (particularly from overseas), and more properties are changing hands.
In this environment, Mantra Group enjoys a position of strength, responding with speed and diligence to opportunities presented by vendors, investors, developers, and industry intermediaries. We look forward to continuing that approach in 2015 and extend our very best wishes to you for the year ahead.