AccorHotels makes $1.2 billion bid to acquire Mantra Group
The ASX has just received notification from the Mantra Group that it has received an indicative and non-binding proposal from AccorHotels to acquire the hotel company for AUD$3.96 per share which is understood to be brokered by JLL's Hotels and Hospitality Group.
AccorHotels expands in Asia Pacific with Sofitel Wellington, Sofitel Sydney Darling Harbour and Pullman Brisbane Airport
The October 2017 openings in Wellington, Sydney and Brisbane plus new hotels in Kuala Lumpur, Singapore and Shenyang will see the expansion of the Sofitel and Pullman brands, which fall under AccorHotels’ luxury and upscale collection.
Hotel development in New Zealand shows unprecedented growth
Auckland, alone, has nine current hotel projects under construction and 30 more in the pipeline as investors look to take advantage of the ongoing tourism boom that started in 2013.
Savills reports Australia recorded the second highest transaction volumes across Asia Pacific totalling AU$462.2 million
Australia is perceived to be a low-risk investment market, boosting demand for hotels according to the Research Report produced by Michael Simpson, Raymond Clement and Simon Smith of Savills.
Australia and New Zealand hotel market records $2 billion in transactions over the 2016/17 financial year
According to Ray White's latest Commercial Research, the Australian and New Zealand hotel markets have overall had some impressive results over the last few years, with the bulk of high profile sales completed in Melbourne and Sydney.
Australasian travellers are set to be energised with hotels and airlines promoting ‘wellness’
The travel experience is set to be enhanced with the EVEN Hotel Auckland and Qantas' new Perth - London long haul flights offering holistic wellness through exercise, diet and amenities
Manufactured Housing Estates (MHE) - attractive, affordable retirement and lifestyle solutions that present exciting new development and investment opportunities (photo is a representation only).