JOHANNESBURG - Worldwide hospitality conglomerate AccorHotels has acquired a 50 percent stake in the South African- based Mantis Group, it was announced yesterday.
Founded in the Eastern Cape by prominent businessman Adrian Gardiner, the Mantis Group is a collection of award-winning, privately owned, managed and branded five-star properties and lodges located around the world, across all seven continents.
While AccorHotel is colossal in size, employing 270000 people in 100 different countries with strong holdings in South America, China and Europe, the group now aims to reinforce its footprint in Africa, particularly southern Africa. According to Sébastien Bazin, chairperson and chief executive of AccorHotels, the group has 115 hotels in Africa.
The logos of AccorHotels group is pictured during a news conference at the Pullman Bangkok King Power hotel, in Bangkok
The marriage between the two groups is accompanied by the launch of Community Conservation Fund Africa (CCFA), a non-profit organisation (NGO) which aims to amplify both groups’ commitment towards preventing the accelerating decline of Africa’s wildlife.