Private-equity owned hotels operator Mantra Group is set to embark on a roadshow in Asia and Australia next week ahead of a $500 million initial public offering, The Australian Financial Review reported.
According to the newspaper, Mantra, owned by CVC Capital Partners and investment bank UBS, will tell investors it is the second-largest accommodation operator in Australia, with its brands Mantra, Peppers and Breakfree.
Mantra would be the first listed major hotel owner, the report said.
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The Mantra Group, with three hotel brands, is preparing to meet investors for a potential $500m IPO.
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