Mantra Group has purchased Hotel Collins in Hobart and the Hotel Charles in Launceston, with the takeover set to take place on April 30.
The new hotels will increase the number of Mantra Group hotels in Tasmania to six, joining Mantra One Sandy Bay Road in Hobart and the three regional Peppers properties – Peppers Seaport Launceston, Peppers York Cove and Peppers Cradle Mountain Lodge.
Mantra Group CEO Bob East said the new hotels were a significant addition to the Mantra portfolio, “Hobart and Launceston are strong markets and with forecasted domestic leisure visitation growth, future market conditions are favourable for each.
“Both hotels have an excellent reputation, ranking in the top ten for their respective cities on TripAdvisor, and they are an ideal addition to the Mantra brand with their dual leisure and corporate appeal,” said East.
Hotel Collins was constructed in 2009 in Hobart’s waterfront district. Behind the building’s original 1950’s facade, the modern hotel tower consists of 80 guest rooms and apartments, a boardroom and a 50 seat restaurant.
Art deco Hotel Charles reopened in July 2010 after a complete interior rebuild. The hotel has 99 rooms, a 60 seat restaurant, conference room for up to 60 delegates, guest lounge, and private dining room and boardroom.
