Privately owned hospitality group Mandala Hotels and Resorts has acquired a resort in Brisbane’s hinterland for its growing $250 million portfolio, with plans to renovate the site and double the rates it charges customers who are after shorter, more frequent luxurious stays.

Mandala Hotels and Resorts – which has more than 40 properties, 2000 rooms and a number of hotel funds – is targeting businesses planning corporate retreats and couples after a weekend away, tapping into the growing trend of travellers prepared to pay more for a shorter escape to avoid burning out.