MANTRA INCREASES CBD PRESENCE
Australian hoteliers, Mantra Group continue to forge ahead with expansion plans announcing the acquisition of the Diamant Hotel Brisbane to its portfolio. This will take the Group’s network to a total of 118 properties and over 12,000 rooms under management.
The hotel has been purchased with vacant possession by Singapore-based family investment company, Well Smart Investment Holdings, who will appoint Mantra under a Management Agreement. The hotel will be rebranded as Mantra Terrace Hotel, Brisbane in July.
“Our business continues to grow with no less than 11 new Australian hotel acquisitions signed for FY14 plus continued expansion in Asia,” said Mantra Group CEO, Bob East.
“By July we will offer four hotel options in Brisbane under the Mantra brand which further strengthens our presence in all Australian capital cities.”
Comprising 84 stylishly appointed hotel rooms, the modern four star boutique property was constructed in 2009 and is centrally located just one kilometre from Brisbane’s CBD, making it a hotel of choice for corporate travellers. The property also includes the stylish ‘O Bar & Restaurant’ on street level.
The announcement follows last week’s acquisition by Mantra of the management and letting rights for Mint Hotel & Apartment properties in Brisbane and Melbourne. The properties will rebrand as Mantra on the Quay Brisbane (a 185 suite apartment hotel) and Mantra St Kilda Road Melbourne (offering 159 hotel rooms and suites) next month.
The new properties will join the Group’s other Brisbane CBD accommodation hotels, Mantra South Bank and Mantra on Queen, and take the overall Mantra network to 57 hotels in total in Australia and New Zealand.
Mantra Group is a leading manager and marketer of hotels and resorts in Australia, New Zealand and Indonesia. The Group owns and operates 118 properties and over 12,000 rooms under three well-known brands – Peppers, Mantra and BreakFree. Mantra Group is the second largest accommodation operator in Australia and offers both leisure and business style accommodation ranging from self-contained apartments to luxury resorts and retreats.