Accorhotels has announced its acquisition of Mantra Group, one of Australia’s largest hotel and resort marketers and operators with over 20,000 rooms in hotels, resorts and serviced apartments across Australia, New Zealand, Indonesia and Hawaii.

Under the agreement, AccorHotels would offer AUD3.96 (£2.34) in cash for each Mantra share, in total AUD1.3bn (£695m).

Read more:

Tagged with →