Andrew McTaggart Development Manager T: (0)7 5631 2658 E: andrew.mctaggart@mantragroup.com.au „If the transverse management company is bankrupt, how difficult will it be to get another management company to take over this long-term lease? There are usually restrictions on how you can use the work unit that is written in the original development application, said Ms. Porter, which prevents you from moving into the property or renting it privately. This means that it can only be leased through a large commercial lease to tourist accommodation establishments active at this level. In addition, AccorHotels confirms that it is in discussions with potential investors regarding the sale of part of AccorInvest`s capital. The group is trying to sign a contract before the end of 2017. At this stage, the group has no certainty of reaching an agreement. But Porter said that risk could be avoided if investors ensured that the rent pool rules were tied to the lease, contrary to development approval. The Mantra Group is considering real estate rental opportunities in the capital of CBD sites, with a minimum of 150 keys. „If it`s in the lease, let`s say the lease is in ruins for some reason, you can rent it again or live there (because it`s not part of the original development application, that`s exactly what was agreed by the whole block.“ „You can often have an agreement where you will receive income from other aspects of the hotel and rooms, such as the leisure centre.“ The Mantra Group leases your property for the long term and manages the business independently of the owner. We pay you a monthly rent. For more information on Mantra Group`s expansion plans, acquisition strategies and business models, please contact: Sébastien Bazin, President and CEO of AccorHotels, said: „We are delighted to have reached an agreement for the takeover of the Mantra Group.

This transaction will strengthen our long-term growth in the Asia-Pacific region. Mantra`s portfolio would provide AccorHotels with additional accommodation formats and strong customer base to complement our portfolio of hotels in Australia. We are confident that the terms of the transaction are attractive to shareholders of both groups. »