BY JAMES WILKINSON
The Accommodation Association of Australia’s CEO Richard Munro says the Accor purchase of Mirvac Group’s hotel portfolio is a major development for the industry and one that his organisation will keep a close watch on.
“This transaction is a significant development within the accommodation industry. All industry stakeholders are taking a keen interest in what it means for them and the broader industry. Whatever changes eventuate is a matter for the new owners,” he told HM.
“There are some outstanding properties in the Mirvac portfolio that will no doubt complement the suite of existing Accor hotel brands,” Munro says.
Accor’s AUD$255 million acquisition of the Mirvac hotels portfolio is expected to be complete by June 30, 2012 and includes the addition of 6,101 rooms to the portfolio.