MANTRA SECURES SURFERS' PENINSULA

Written on the 12 April 2011

MANTRA SECURES SURFERS' PENINSULA

MANTRA Group has retained the Peninsula building in its stable of more than 140 hotels across Australasia after the accommodation giant today signed a 10 year exclusive letting rights agreement for the Surfers Paradise property.

Mantra has managed and marketed the Peninsula building’s 230 mixed-use apartments under its Breakfree brand for the last decade.

An extraordinary general meeting of apartment owners today confirmed the Gold Coast hotel group would retain the letting rights until at least 2021.

Mantra Group CEO Bob East (pictured), says proactive management practices and the strength of the hotelier’s brand were the catalysts for the majority vote by the owners.

“This move will give the resort the best opportunity to compete in an exceptionally aggressive marketplace behind the strength, experience and professionalism of the Mantra Group brand,” says East.


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