AccorHotels acquires 50% stake in Mantis Group

AccorHotels acquires 50% stake in Mantis Group: AccorHotels announced it has agreed to buy a 50% stake in South Africa-based Mantis Group for an undisclosed sum, according to a news release.

Mantis Group manages 28 properties with a wide portfolio that includes boutique hotels and eco lodges across all seven continents, the release states. The partnership is accompanied by the creation of the nonprofit organization Community Conservation Fund Africa, which is pushing to prevent the decline of Africa’s wildlife.

“Mantis is a pioneer in customized one-of-a-kind travel services in some of the most imaginative hotels across the world. With this strategic partnership, we are reinforcing the Group’s footprint in Africa and we have access to a brand with strong roots and heritage, recognized for its commitment to preserve the environment and its prestigious credentials in the hospitality space,” AccorHotels Chairman and CEO Sébastien Bazin said in the release.