The Johnson | Michael Johnson Penthouse | Art Series Hotel Group

Mantra to Buy Australia's Art Series Hotel Group

Deague sells seven-property luxury chain for $52.5M

Boutique Design

Mantra Group has entered into an agreement with the Deague Group to acquire Australian-owned Art Series Hotel Group for about $52.5 million. Expected to close later this year, the deal will add seven luxury hotels with more than 1,000 keys total to Australia-based Mantra's management portfolio of 128 properties across its home country, New Zealand, Indonesia and Hawaii. The soon-to-be acquired properties in Australia are:

  • The Chen, Box Hill, Melbourne, Victoria (slated to open in November)
  • The Cullen, Prahran, Melbourne, Victoria
  • The Larwill Studio, North Melbourne, Victoria
  • The Olsen, South Yarra, Melbourne, Victoria
  • The Blackman, St Kilda Road, Melbourne, Victoria
  • The Johnson, Spring Hill, Brisbane, Queensland
  • The Watson, Walkerville, Adelaide, South Australia

Each hotel—which will continue to operate under the Art Series brand—pays tribute to the country’s contemporary artists, incorporating its namesake creative’s works and style throughout the design.