The hospitality giant AccorHotels signs a strategic agreement with South Africa-based Mantis Group.
Mantis Group, a South Africa-based collection of privately owned, managed and branded five-star properties and lodges around the world, is the latest acquisition target for AccorHotels.
The French hospitality giant has announced a strategic partnership and 50% stake in Mantis, a deal it says reinforces it as “a leader in curated one-of-a-kind experiences”.
As media company Skift puts it, “AccorHotels said it would look at doing more deals in 2018 and it’s been true to its word. Like [its] deal to buy the similar-sounding Mantra in Australia, the Mantis investment gives Accor greater exposure to a market outside its European heartland.”
The partnership is being accompanied by the launch of Community Conservation Fund Africa, a non-profit organisation that aims to amplify both groups’ commitment towards preventing the accelerating decline of Africa’s wildlife and bringing together three conservation bodies – Wilderness Foundation, Tusk Trust and African Parks.
What is Mantis?
The Mantis network features 28 managed properties and a network of branded hotels and residences, including boutique villas and well-known properties such as Founders Lodge, a South African game reserve in the Eastern Cape; Mantis St Helena, a boutique hotel on the remote Atlantic island; and the luxury Draycott Hotel in London.
The group also owns and operates a number of luxury houseboats and a lodge under the Zambezi Queen Collection brand.
AccorHotels says the partnership will strengthen its leadership position in Africa and “will combine the vision of embodying conservation and education into its operations”, especially as Mantis is “a pioneer in customised one-of-a-kind travel services.”