Bob East, Mantra Group CEO for the Australian-based hotel and resort operator, talks about the five new hotel signings with more than 900 additional rooms across Australia and New Zealand.
Adding to Mantra Group’s portfolio of 126 properties globally are, Peppers Southbank, Melbourne VIC, Mantra 900 Hay Street, Perth WA, Peppers Queenstown Resort, Queenstown NZ, Mantra Club Crocodile, Airlie Beach QLD and Mantra Observatory, Port Macquarie NSW.
Mantra Group Chief Executive Officer Bob East said the properties are located in premier leisure and CBD destinations. “This continued growth and development can be attributed to the Group’s surging profile and dominant positioning as a hotel operator of choice,” Mr East said.
In FY2016, Mantra Group increased its portfolio by 11 new properties, making it Australia’s fastest growing hotel group for the year. “With seven acquisition announcements in the first five months of FY201, we’re well-placed to exceed last year’s record result,” Mr East said.
Peppers Southbank is in Melbourne’s high-performing accommodation sector and will soon welcome its second Peppers hotel with the announcement Mantra Group will manage a new hotel being constructed in Southbank. The 164 room hotel is set to open its doors in late 2018 on the corner of Clarendon and Haig Streets in Melbourne’s Southbank precinct.
Mantra Group is set to operate a 26 story hotel in Perth’s CBD when it opens as Mantra 900 Hay Street in late 2018. The new-build 4.5 star hotel will have 250 guest rooms, restaurant, bar and lounge, meeting rooms, business centre, swimming pool, gymnasium and a rooftop terrace with city views.
Queenstown’s accommodation sector will see the Mantra Group operate Singaporean based Well Smart Group’s new-build resort development when it opens in December 2018. The hotel is to include 260 guest rooms and suites , a restaurant and bar, leisure facilities, and car parking in New Zealand’s skiing capital of Queenstown.
Mantra Group has secured the Manage Agreement to operate Airlie Beach’s Club Crocodile. The hotel, also owned by Well Smart, will be rebranded Mantra Club Crocodile following a major refurbishment of the 160 room property.
Management and Letting Rights for The Observatory in Port Macquarie on the Mid North Coast of New South Wales, have acquired by Mantra Group. The 4.5 star property will be rebranded Mantra Observatory and is opposite Town Beach. There are 85 hotel rooms and open plan apartments, an indoor heated lap pool, sauna and heated spa, restaurant and cafe, day spa, gift shop, barbeque entertainment area and secure undercover car parking.
Mantra Group is set to see ongoing portfolio growth in 2017, characterised by further acquisitions in key Australian and international destinations.
See also:
Mantra Group Announce New Mantra Hotel for Albury
Receivers' Sale of Peppers Airlie Beach Resort