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Accor bids A$1.18b for Mantra

BT_20171010_UWACCOR10A_3124091.jpg
An Accor and a Mantra hotel in Darwin. Accor's bid comes as Australia's hoteliers rush to build extra rooms to meet growing demand.

Sydney

FRANCE'S Accor has bid A$1.18 billion (S$1.25 billion) for Mantra Group, a deal that would combine the two biggest hotel owners in Australia and seek to capitalise on surging tourism in the country.

Accor, already the biggest hotelier in Australia, offered A$3.96 a share, or...

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