Possible change in ownership of Sunshine Coast’s major hotels

October 27, 2017 by  

Some of Sunshine Coast’s main resort hotels may soon have new owners. French hospitality group AccorHotels has entered an agreement to purchase Mantra Group Limited. According to CEO of Visit Sunshine Coast, Simon Latchford, both of the hospitality giants involved have played major roles in the Sunshine Coast’s tourism industry in the recent years.

Mantra has appointed an independent expert to assess the current scheme in relation to the interest of their shareholders. Naomi Hammond, a spokesperson of Mantra Group Limited, stated that the acquisition was still in its early stages with some pending regulatory approvals.

AccorHotels is a hospitality giant with their famous logo design of a golden bird. The organisation is well known globally for its dedication in providing excellent accommodation and hospitality services. Following this acquisition, AccorHotels will play a major role in the tourism and hospitality scene in the Sunshine Coast.

AccorHotels currently runs The Sebel Noosa, Sofitel Noosa Pacific Resort, The Sebel Twin Waters, The Sebel Maroochydore, and the Sebel Pelican Waters, and Novotel Twin Waters Resort. The acquisition would also lead to AccorHotels holding new ownership for Mantra Fresh Quarter and Peppers Noose Resort and Villas, Breakfree Resort at Alexandra Headland, Breakfree Grand Pacific at Caloundra and Mantra Sirocco, Mantra Zanzibar and Mantra Mooloolaba Beach in Mooloolaba.

According to Travel Daily, shareholders will have the chance to vote possibly in the first three months of 2018. The final deal is expected to be completed by March 2018.