Mantra Group Announce New Mantra Hotel For Albury
Albury's accommodation sector is primed for a boost following today's announcement that leading Australian hotel and resort operator Mantra Group has executed an agreement to operate the city's newest hotel development under a hotel management agreement.
Mantra Group Chief Executive Officer Bob East said the Group is thrilled to bring the international Mantra brand to Albury.
"Strategically located at the midpoint between Sydney and Melbourne on the Hume Highway, Albury is a key regional commercial and tourism hub with established and varied accommodation drivers, well supported by a large regional airport and an impressive major events calendar which attracts significant visitation to the city," Mr East said.
"We're confident the property will provide a market-leading hotel offering, well positioned to become the region's premier corporate, meetings and leisure hotel.
"The hotel will complement our extensive portfolio of regional, coastal and CBD properties across Australia, New Zealand, Indonesia and Hawaii, and this latest announcement reinforces the strong momentum in our growth strategy and highlights our ability to convert our pipeline."
AlburyCity Mayor Cr Henk van de Ven said Albury is absolutely thrilled to be welcoming a Mantra hotel to the city.
"We look forward to collaborating with Mantra Group, local businesses and our existing tourism partners to continue to achieve solid growth in overnight visitation and the visitor economy," Cr van de Ven said.
Located 550km from Sydney, 340km from Canberra and 330km from Melbourne, Albury is an established transit point for travellers and a busy commercial centre for the surrounding border region with a vibrant economy driven by a range of commercial, military, government, agriculture, healthcare and education institutions.
About Mantra Group
Mantra Group is the leading Australian-based hotel and resort operator. Mantra Group"s portfolio consists of 128 properties with more than 21,000 rooms in properties under management, across Australia, New Zealand, Indonesia and Hawaii. Operating three well-known and trusted brands – Peppers, Mantra and BreakFree - MantraGroup operates the second largest network of accommodation properties in Australia (by room number). The Group is positioned to offer both leisure and business style accommodation ranging from full-service city hotels and self-contained apartments to luxury resorts and retreats. The Group successfully listed on the ASX in June 2014 and in its first year as a public company was elevated to the ASX 200: