Scheduled to open in late 2016, Mantra Canberra Hotel will mark a conversion of an existing 10-storey office tower in the city. Following a renovation, this property will be transformed into a 176-room hotel, including a series of two-bedroom suites. Hotel facilities will include a restaurant and bar, conference rooms and gym.
“The key appeal of this opportunity was a gain a high quality new foothold in Canberra where we currently only operate 300 rooms across three hotels,” said Michael Moret-Lalli, Mantra’s director of acquisitions.
“The capital benefits from a growing annual events calendar and continues to show improved performance across both the leisure and corporate travel market with room for a quality, well located hotel such as Mantra Canberra.”