May 2018
Mantra shareholders approve $1.2b hotel business sale to Accor
Mantra Group shareholders on Friday voted to approve the $1.2 billion sale of Australia's second-biggest hotel and resort operator to Paris-based giant, Accor.
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- Larry Schlesinger
April 2018
Accor's $1.2bn takeover of Mantra set for May 23
The $1.2 billion takeover of Mantra Group by Paris-based giant AccorHotels is set to take effect on May 23.
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- Larry Schlesinger
March 2018
ACCC clears path for $1.2b Accor merger with Mantra
Hotel operators Accor and Mantra have cleared a major hurdle in their proposed $1.2 billion merger after the ACCC said it would not block the takeover.
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- Larry Schlesinger
Macquarie snaps up 5 per cent of Mantra Group ahead of Accor sale
Macquarie Group and Credit Suisse have given the strongest signal yet that the $1.2 billion merger of Mantra Group and French giant Accor will go ahead.
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- Larry Schlesinger
February 2018
Accor sells hotel real estate stake for $6.9bn to sovereign wealth funds
Ahead of its proposed $1.2 billion takeover of Mantra Group, European hotel giant Accor has sold a 55 per cent stake in its real estate platform, AccorInvest.
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- Larry Schlesinger
New Jersey fund manager buys $60m of Mantra shares
New Jersey fund manager and "merger arbitrage" specialist Alpine Associates has acquired a 5.3 per cent stake in ASX-listed hotel and resort operator Mantra Group.
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- Larry Schlesinger
Mantra Group CEO Bob East 'highly confident' Accor deal will proceed
Mantra boss Bob East says he is "highly confident" the $1.2 billion merger with Accor will go ahead, after completion of the deal was delayed to the final quarter of the financial year.
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- Larry Schlesinger
Event profits up 13 per cent as QT hotels outperform
Interim profits at Event Hospitality & Entertainment surged almost 13 per cent to $66.9 million on the back of a standout performance from its portfolio of arty QT hotels.
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- Larry Schlesinger
November 2017
Mantra Group opens new Art Series hotel in Box Hill
Mantra Group has opened its first Art Series Hotel - The Chen in Melbourne's Box Hill - after settling on its $52.5m acquisition of the chain of designer boutique hotels.
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- Larry Schlesinger
October 2017
Australia's tallest prefabricated hotel Peppers in Perth up for sale
The country's tallest prefabricated hotel, the 120-room Peppers King Square in Perth, has been listed for sale a year after opening.
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- Larry Schlesinger
550 more rooms: Mantra bulks up in Melbourne with two deals
Mantra Group has announced two new hotel signings in Melbourne, less than a week after striking an agreement to merge with French giant Accor.
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- Larry Schlesinger
A significant competitor to Airbnb: why Accor bought Mantra
The merger of Accor and Mantra will bring together two complementary businesses to take on Airbnb and the online travel agents.
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- Larry Schlesinger
'So many positives': Bob East says shareholders back Mantra-Accor deal
Mantra's agreement to sell all its shares to Accor in a $1.3 billion deal will reshape Australia's hotel landscape.
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- Larry Schlesinger
Citi, Deutsche pour cold water on rival Mantra bids
A bidding war for Mantra Group is unlikely, analysts at Citi Research and Deutsche Bank have suggested, following the $1.2 billion takeover offer made by French giant Accor.
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- Larry Schlesinger
Accor makes $1.2b bid for hotel operator Mantra Group
Paris-based hotel giant Accor has made a $1.2 billion all-cash offer to buy Australia's second-biggest hotel operator, Mantra Group.
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- Larry Schlesinger
August 2017
Mantra falls short after Dreamworld, but Commonwealth Games a bright spot
Mantra's underlying net profit fell short of market guidance, as the hotel and resort operator felt the impact from the Dreamworld tragedy.
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- Larry Schlesinger
Nine companies expanding successfully offshore
Here are nine industrial stocks expanding offshore that come recommended by fund managers.
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- Tony Featherstone
Tourism boom under threat: Citi downgrades Mantra
Shares in Mantra Group fell more than 7 per cent on Thursday after Citi downgraded its recommendation for the hotel and resort operator.
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- Larry Schlesinger
July 2017
Mantra announces $70m Melbourne suburban hotel
Mantra Group will open a new 214-key hotel in Melbourne's northern suburbs after striking a management agreement with hotel developer Too Good.
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- Larry Schlesinger
March 2017
Bank surge pushes ASX to two-year high
The ASX surged to its highest close in two years on Tuesday, thanks to a strong performance by the big banks.
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- Myriam Robin