Mantra Group acquires Outrigger Hotels’ Australian unit
Australian hospitality firm Mantra Group will take over the Australian unit of Outrigger Hotels & Resorts in an agreed A$29.5 million (US$22.6 million) acquisition.
Mantra take over four resorts – Outrigger Surfers Paradise, Outrigger Twin Towns Resorts, Coolangatta, Outrigger Little Hastings Street Resort & Spa, Noosa and Boathouse Apartments by Outrigger Airlie Beach, with a combined 984 rooms under its management.
Mantra will purchase all issued shares in Outrigger Australia and expects the deal to complete by June.
“The Outrigger acquisition is a natural fit for Mantra Group, extending the group’s footprint in key leisure destinations,” said Bob East, Mantra Group CEO.
“This acquisition is complementary to our existing portfolio and, together with future pipeline growth initiatives, is expected to supplement Mantra Group’s strong organic growth with incremental earnings.”
Mantra Group has a portfolio of more than 11,000 rooms under management in Australia, New Zealand and Indonesia, operating three brands – Peppers Mantra and BreakFree.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.
































Airlines suspend Madagascar services following unrest and army revolt
Qatar Airways offers flexible payment options for European travellers
TAP Air Portugal to operate 29 flights due to strike on December 11
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Airbnb eyes a loyalty program but details remain under wraps