Australia’s second-biggest hotel accommodation operator, Mantra Group, which last week reported a 10 per cent boost in half-year revenue, has acquired two Tasmanian hotels under leasehold fromTasmanian businessman Lyndon Jago.
The Hotel Collins in Hobart, with 80 guest rooms and apartments, and the 99-room Hotel Charles in Launceston will be rebranded under the Mantra banner from April 30, the seventh and eight hotels added to the Mantra network in 2014-15.
A hotel in Christchurch is due to open later this financial year with a further five hotels in Brisbane, Perth, Melbourne, Townsville and Bali due to open in the 2015-16.
The new hotels will increase the number of Mantra Group hotels in Tasmania to six, joiningMantraOne Sandy Bay Road in Hobart and the three regional Peppers properties – Peppers Seaport Launceston, York Cove and Cradle Mountain Lodge.
The two leaseholds were negotiated off-market with Mr Jago, a Tourism Industry Council Tasmania Board member who currently markets the hotels under the Stay Tasmania brand.
Mantra Group will operate the Mantra Collins Hotel Hobart under a lease agreement with prominent Tasmanian property developer Ali Sultan and the Mantra Charles Hotel Launceston under a lease agreement with Tasmanian winemaker Joseph Chromy.
“Hobart and Launceston are strong markets and with forecasted domestic leisure visitation growth, future market conditions are favourable for each,” Mantra Group chief executive Bob East said.
“Both hotels have an excellent reputation, ranking in the top 10 for their respective cities on TripAdvisor and they are an ideal addition to the Mantra brand with their dual leisure and corporate appeal,” he said.
Hotel Collins is in Hobart’s waterfront district and includes a boardroom for small meetings and a 50-seat restaurant. Hotel Charles has a 60-seat restaurant, conference room for up to 60 delegates, guest lounge, and private dining room and boardroom.