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"That would enable a repositioning or rebranding of the hotel. We are offering it on both bases," Ms Wales told The Canberra Times. The deal, which will see a new face for several of IHG's lower-tier hotels, has been struck between the hotelier and fund manager Salter Brothers, which owns the properties. The company is expected to have a $2 billion portfolio of accommodation assets on the ASX within 18 months, the Australian Financial Review reported. Then in early 2024, four buildings including a "premium luxury" hotel and a lifestyle hotel were slated for the site. It emphasises "curious travel", creating hotel rooms that reflect the city they are in.