MANTRA LAUNCHES FIVE STAR PEPPERS FOR ORACLE

Written on the 19 August 2010

MANTRA LAUNCHES FIVE STAR PEPPERS FOR ORACLE

MANTRA Group’s popular Peppers brand will drive the Gold Coast’s latest five-star hotel following a management rights deal with Niecon.

Announcing the Coast’s first five star offering in more than a decade, Peppers Broadbeach will be the face of Niecon’s $850 million twin residential tower Oracle, which comprises 505 residences.

Mantra Group CEO Bob East, says the towers will be branded as Peppers Broadbeach and become the cornerstone of the Group's five-star offering on the Gold Coast.

The hotel will be launched in three stages with an initial opening in October and will deliver more than 100 jobs.

East would not disclose the value of the management deal given that Peppers is a private company, but says the group is ‘delighted’ to bring the Peppers brand into the heart of Broadbeach.

“Our customers are telling us they want Peppers experiences in city locations, it’s still Peppers but it’s a different flavour,” he says, on the cusp of celebrating Peppers 26th anniversary.

“It will be the largest property in the Peppers portfolio and it represents the first foray into the metropolitan hotel sector. We are delighted, we love Broadbeach and love the Gold Coast. There is everything here with the convention centre, shopping, retail and restaurants. It’s really becoming a considerable hub for the Gold Coast."

Unique services include iPad check-in and custom surfboard and retro scooter hire badged with Peppers logos.

"As one of the Gold Coast's largest employers, it is very fitting that our next phase of growth and renewal begins in such an exciting development in Broadbeach,” says East.

"The architectural design of the hotel reflects a distinct fusion of city sophistication and coastal relaxation, with both towers featuring an extensive use of life spaces including Zen gardens, tai chi lawns, private cinemas, guest lounges, teppanyaki barbeques, steam rooms, saunas and lap, plunge and resort pools.”

Niecon Developments chief operating officer Mark Johnson, says Oracle is a significant landmark and a ‘labour of love’ that has transformed the urban heart of Broadbeach into a world class leisure and dining precinct.

“Peppers has obviously seen the Gold Coast as a place that is ready for the Peppers brand and it complements what Niecon Developments has been providing and presenting to the marketplace over the last four to five years. The mix is a natural fit.”

Oracle is 80 per cent sold, with 507 settlements due in August and October. Johnson would not be drawn into the state of Niecon’s debt facility with its lender, despite concerns over a drop in valuations.

“There are no issues with our banking syndicate,” he says.

Peppers Broadbeach will be the first five-star hotel on the Gold Coast since the opening of Palazzo Versace in 2000.


Latest News

BELLAMY'S FINDS EXPORTING BABY FORMULA INTO CHINA IS NO CHILD'S PLAY

BELLAMY'S (ASX: BAL) shares have suffered a 40 per cent drop in value today after the company hit a regulatory...

BRISBANE WATCH BRAND ADINA AIMS FOR ICONIC

ADINA watches is at a turning point in its history, 45 years after being founded by Robert 'Bob' Menzies i...

WHY YOU SHOULD CARE FOR YOUR BODY AS MUCH AS YOUR BUSINESS

ENTREPRENEURSHIP is a busy business. It can be all-consuming, but it is important not to neglect your health Y...

BULLETS BACK IN THE BUSINESS COMMUNITY

ALTHOUGH new to the current south-east Queensland sporting landscape, the Brisbane Bullets have a rich basketball ...

Related News

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Gu...

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in mi...

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC...

BIG W CEO QUITS AFTER 11 MONTHS

SALLY MacDonald has resigned as chief executive of BIG W ending her tenure at the helm of the struggling discount ...

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter