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Major InterContinental expansion bolsters Salter Brothers’ ASX hopes

Sarah Petty

British hotelier IHG Hotels & Resorts will open luxury InterContinental properties in Melbourne, Canberra and Sydney and re-introduce its Regent brand after a two-decade absence in a major shake-up of the industry.

The company announced plans to rebrand a number of its lower-tier Crowne Plaza Hotels as part of a deal with Salter Brothers, the local fund manager that owns the properties and is preparing to float a $2 billion portfolio of accommodation assets on the ASX within 18 months.

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Sarah Petty covers commercial and residential property markets for The Australian Financial Review, based in the Melbourne newsroom. Email Sarah at sarah.petty@afr.com

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    Original URL: https://www.afr.com/property/commercial/major-intercontinental-expansion-bolsters-salter-brothers-asx-hopes-20250521-p5m0xq