As an established transit point for travellers and a busy commercial centre for the border region, the city of Albury in the Riverina district of New South Wales is in need of a new hotel. Mantra Group has just announced it will operate the city's newest hotel development under a hotel management agreement. The Mantra Albury Hotel is set to open in early 2018.

Albury is located 550km from Sydney, 340km from Canberra and 330km from Melbourne. Its economy is driven by a range of commercial, military, government, agriculture, healthcare and education institutions.

The hotel will be a full-service hotel with 158 guest rooms, a restaurant and bar, executive lounge, gymnasium, large conference and meetings facilities, and basement car parking.

“Strategically located at the midpoint between Sydney and Melbourne on the Hume Highway, Albury is a key regional commercial and tourism hub with established and varied accommodation drivers, well supported by a large regional airport and an impressive major events calendar which attracts significant visitation to the city,” said Mantra Group Chief Executive Officer Bob East.

“We’re confident the property will provide a market-leading hotel offering, well positioned to become the region’s premier corporate, meetings and leisure hotel. The hotel will complement our extensive portfolio of regional, coastal and CBD properties across Australia, New Zealand, Indonesia and Hawaii, and this latest announcement reinforces the strong momentum in our growth strategy and highlights our ability to convert our pipeline.”

Albury City Mayor Henk van de Ven said the city welcomed a Mantra hotel.