Hospitality Leaders Hospitality Leaders Menu 0
Google Translate
Hospitality Industry News Members only

Accor bids for Australia’s Mantra Group

Profile Photo By: Steve Shellum
October 9, 2017

Accor bids for Australia’s Mantra Group

Paris/Melbourne – 9 October 2017 – 
Accor has bid A$1.18 billion (US$920 million) for Mantra Group – a deal that would combine the two biggest hotel owners in Australia and seek to capitalise on surging tourism in the country, Reuters reported.

Accor, already the biggest hotelier in Australia, offered A$3.96 a share, or a 23 percent premium to Mantra’s closing price on Friday. The total offer is worth A$4.02 per share if a six-cent final dividend paid in 2017 is included, Mantra said in a statement.

“They haven’t lowballed it, that’s for … Read More

this article is for members only. Sign up to join

You get access to members only exclusive content

Latest News

Members stay current with the leading hospitality industry news site.

Exclusive content

Get exclusive access to breaking, current and accurate industry news from around the world.

News that matter

Our news is selected and edited by professional journalists with decades of experience in reporting the news that matters, keeping you informed and up-to-date about what is happening in our industry around the world.

Sign up now. It’s free
Or import your details from

Suggested news

all access

Get full access to the hospitality industry news.

Sign up now. It’s free
Or import your details from