Panache Resort Group is steamrolling forward with its “formidable” nationwide growth plans, following the addition of its second capital-city property in simply two months.
The group right now introduced it has assumed administration of Mantra 100 Exhibition Melbourne, a centrally situated apartment-hotel within the “Paris finish” of Exhibition Road. Mantra 100 presents one- and two-bedroom flats with separate residing areas, totally geared up kitchens and metropolis views.
The newest signing expands its Victorian portfolio which incorporates Peppers Docklands and Melbourne Metropolis Suites, and is along with its most up-to-date win – The Sebel Sydney Chatswood inked in November.
The transfer additionally additional deepens PHG’s partnership with Accor, which now spans throughout 4 properties together with Mantra on Hay Perth.
Panache Resort Group Chief Govt Officer, Wilson Bao stated the most recent addition reinforces the group’s disciplined however formidable progress trajectory.
“Panache is in a robust progress part, and Mantra 100 Exhibition is one other marker of the momentum we’re producing throughout the nation. Our partnership with Accor continues to deepen in significant methods, now spanning Sydney, Melbourne and Perth. When a worldwide model and an agile operator mix their strengths, you unlock even better efficiency – and this addition is a superb instance of that.”
PHG’s progress is attributed to utilizing a “lanchise” mannequin – a hybrid of leasing and franchising – giving the group flexibility to accomplice with international and impartial manufacturers throughout its vary of asset sorts and areas.
“We specialize in elevating established belongings with robust fundamentals – sharpening positioning, refining operations and constructing on efficiency,” Panache Resort Group Vice President – Technique & Growth, Thomas John stated.
PHG said they goal to double their portfolio by late 2026, supported by a robust pipeline of alternatives throughout metro and regional markets in Australia and New Zealand.
