Mint Resorts & Apartments Change of Ownership
Posted on 03-Jul-2012
Ariadne Australia Limited (ARA) is pleased to announce that, through its wholly owned subsidiary, Peramist Pty Ltd, it has completed a transaction with Watpac Developments Pty Ltd (WTP) to acquire its 50% interest in StayMint Pty Ltd (“StayMint”).
StayMint trades under the “Mint ” brand, which is a well-recognised and respected accommodation brand. The acquisition of Watpac’s 50% interest will enable Ariadne to broaden StayMint’s accommodation service base in Australia and facilitate future expansion in the management of serviced apartments and similar properties in key eastern seaboard locations.
These properties will complement their existing quality property portfolio in Melbourne, Brisbane and the Gold Coast.