Goodbye Stella, hello Mantra
GOLD COAST – One of Australia and New Zealand’s largest accommodation providers, Stella Hospitality Group, has changed its name to Mantra Group.
The name change follows the recent announcement by owners CVC Asia Pacific that the Stella Group has been restructured and recapitalised with Stella Travel Services and Stella Hospitality Group being separated into two independently operating businesses.
“The separation of the two businesses means each can operate independently and focus on being the best in their respective fields,†said Mantra Group chief executive officer Bob East.
“The recapitalisation has given us a strong balance sheet and an injection of funds which allows us to forge ahead with our plans to expand our three consumer brands of Peppers, Mantra and Breakfree with confidence.
“In the future, we plan on increasing the size of the Peppers, Mantra and BreakFree portfolios as well as new initiatives like introducing the Peppers product into a CBD environment,†East said.
Ian Jarrett
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