Accorhotels invites itself to Mantis in South Africa
The European leader in hotels AccorHotels announced yesterday its 50 % stake in the South African conglomerate Mantis, which owns several luxury hotels on the African continent.
« With this strategic partnership, we are strengthening the group’s footprint in Africa and associating ourselves with a brand with strong roots and history, » said Sébastien Bazin, CEO of AccorHotels, in a statement.
The partnership is accompanied by the creation of an NGO to combat the decline of wildlife in Africa.
AccorHotels, which has more than 4,300 hotels in 99 countries, posted a sharp rise in net profit for 2017 (+66.4% to 441 million euros).
Mantis Group owns 28 hotels, mostly in Southern Africa, where it operates several luxury hotels, eco-lodges and even one on the remote island of St Helena in the middle of the South Atlantic.