Category Archives: Work

Mantra Group: Stella Hospitality Group Rebrands

Toward the start of August Stella Group announced that it had completed a major financial restructure, which would see the company split into two separate businesses and its debt comfortably refinanced into long term agreements. Stella Travel Services would assume approximately $40M, while Stella Hospitality Group would carry $245M.

Following on from the financial restructuring, Stella Hospitality Group announced on Friday 14th that it was rebranding itself to Mantra Group, to further distance itself from the embattled Octaviar, previously MFS Limited.

Now I’ll need to remember to tell people I work for Mantra Group and not Stella Hospitality Group!

CVC Asia Pacific & UBS Agree On Stella Group Financial Restructure

Today CVC Asia Pacific (65% owners of Stella Group, parent company of Stella Hospitality Group) annoucced that they’ve negotiated a financial restructure with UBS. This is great news for Stella, especially following rampant speculation in the press about the financial health and viability of the company. I’m excited to see official statements flowing into the mainstream media, hopefully this will stem the tide of unwarranted press and we can get on with business.

Red Means Go

Earlier in the week I was on my way home from work, driving through the tale end of peak hour traffic when I very nearly smashed into the back of the car in front of me.

The traffic was moving at about 80Km/h in this section of road and it was predicably smooth, as opposed to fast then slow. As I came over the crest of a hill and for reasons unknown, the traffic 10 cars in front of me decided to suddenly break. The heavy breaking rippled through the lane of traffic as per normal, however the two or three cars directly in front of me were caught out by the crest of the hill. To compound matters, the car directly in front of me had some issues which their break lights – specifically, breaking caused his break lights to turn off instead of on!

Night fall was upon us and everyone already had their driving lights on. With the free flowing traffic through this section of road, there wasn’t a reason for the driver in front of me to break – so I didn’t notice the reversal of his break lights earlier. Unfortunately for me, that meant I first realised something was wrong after he stomped on the break pedal to respond to the heavy breaking 10 cars in front.

As you can imagine, I was very happy that there was adequate breaking distance for my heavy little tank of a car to slow down or I’d be catching a lift to work for a while.

Time Is Of The Essense

We’ve been working on our current software project for about a year and it has been one hell of a ride. With less than a week to go before we flick the switch, we’re going through our final stages of preparation – lots of t’s to cross and i’s to dot but it sure is exciting.