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Elanor Investors Group acquire four hotels across Australia

Mantra Pavilion Wagga Wagga

Elanor Investors Group has purchased of four hotels in a significant boost to the company’s portfolio.

The group has purchased Mantra Pavilion in Wagga Wagga, Best Western Tall Trees in Canberra, Best Western Plus HW in Port Macquarie and Parklands Resort and Convention Centre in Mudgee, joining the 6 hotels already in the portfolio.

Elanor’s CIO and the Head of Leisure, Tourism and Leisure, Marianne Ossovani, said Elanor’s owned and managed assets have now increased to approximately AUD$590 million (up from AUD$173 million at listing in July 2014).

She said the four acquired hotels are part of Elanor’s continued hotel portfolio investment strategy.

She said each hotel was unique in their market and in their appeal to the traveller, and this most recent purchase continues the growth in the hotels, leisure and tourism sector that has been a focus for Elanor Investors Group over the past 18 months.

Parklands Resort and Convention Centre in Mudgee has 68 rooms, and is set on 30 acres of landscaped grounds. It includes substantial grounds, including a polo field and a convention hall that can seat up to 1200 people, complete with a performance stage. Additional meeting and facilities include conference rooms, indoor pool, restaurant and bar.

Mantra Pavilion in Wagga Wagga is one of the best hotels in the city and features 45 spacious guestrooms and a popular high-end restaurant and bar.

Best Western Tall Trees is located in an inner suburb of Canberra and offers 79 guest rooms and a breakfast room, with some meeting facilities.

Best Western PLUS H.W. Port Macquarie is situated directly opposite Town Beach and features 44 rooms.

She said these four hotels join the six outstanding properties already in the Elanor portfolio: Peppers Cradle Mountain Lodge (TAS), Mantra Bell City (VIC), Mantra Wollongong (NSW), ibis Styles Canberra Eaglehawk (NSW), BreakFree on Clarence (NSW) and ibis Styles Albany (WA).

Ossovani said Elanor Investors Group would continue its growth with potential for more hotel assets to be secured in the near future.

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