Accor, Mantis Group Ink Partnership Deal

Accor Hotels has signed a strategic agreement with South Africa-based Mantis Group, acquiring 50 percent stake in their business.

The acquisition will allow Accor to expand its hotel network in Africa and beyond, as Mantis boasts a collection of award-winning, privately owned, five-star properties and lodges across all seven continents. It will also combine both parties’ vision of embodying conservation and education into its operations.

This strategic partnership is accompanied by the launch of Community Conservation Fund Africa (CCFA), a non-profit organization that aims to amplify both Groups’ commitment towards preventing the accelerating decline of Africa’s wildlife.

Both groups are also committed to bring together three internationally renowned conservation organizations: Wilderness Foundation, Tusk Trust and African Parks.

Mantis’ network features 28 managed properties, plus a global network of branded hotels and residences that include boutique hotels and flagship properties such as Founders Lodge, a South African game reserve in the Eastern Cape.

Mantis Group also owns and operates a number of unique luxury houseboats and a lodge under the Zambezi Queen Collection brand.

Source: Travelweek Group