French hotel group Accor offers $930m for Australia's Mantra Group

French hotel group Accor offers $930m for Australia's Mantra Group

Bedside lamps illuminate a freshly made bed inside a magnificent apartment at a Sofitel luxury hotel, operated by Accor SA, in Munich, Germany, on Wednesday, Feb. 11, 2015. Photographer: Martin Leissl/Bloomberg

Accor SA, Europe’s biggest hotel operator, offered to buy Australia’s Mantra Group Ltd. in a deal valuing the hotel and resort company at A$1.2 billion ($930 million).

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