Salter Brothers
Salter Brothers Acquires Three Bannisters Hotels for AUD100 Million
Salter Brothers | October 15, 2024
Busy hospitality fund manager Salter Brothers has bolstered its portfolio of boutique country lodges and luxury coastal retreats after snapping up three Bannisters hotels in Mollymook and Port Stephens on the NSW South and North Coast for over $100 million. The acquisitions include two famous seafood restaurants in Mollymook and Port Stephens, which are operated by celebrity UK chef Rick Stein within the hotel complexes alongside a number of pubs, bars and spas. It comes as Salter Brothers works on plans to potentially float a separate $2 billion portfolio of mostly IHG-operated CBD hotels including properties such as the five-star ...
Accor Completes Deal With Salter Brothers to Add Nine Mercure Hotels to Its Growing Portfolio
Salter Brothers | July 5, 2022
The momentum behind Accor’s popular Mercure brand in Australia continues with the Group adding nine Mercure hotels to its collection, following Accor’s landmark hotel management portfolio agreement with Salter Brothers with an industry-leading link to ESG outcomes. With the acquisition of the Travelodge portfolio by Salter Brothers now complete, a total of 10 hotels have joined Accor’s portfolio, including nine Mercure hotels and an ibis Styles property in Sydney’s CBD. The addition of these nine Mercure hotels grows the Mercure brand from 44 properties in Australia to 53, making Mercure the largest and fastest growing global mids...
Salter Brothers’ Recent Travelodge Portfolio Acquisition to Join Accor in 2023
SALTER BROTHERS | April 1, 2022
In one of Australia’s largest hotel management portfolio agreement deals for over a decade, Salter Brothers has announced that its portfolio of hotels, acquired as part of the recent Travelodge acquisition, will be joining the global hotel giant Accor at the start of the 2023 financial year. The management agreement, which includes an industry-leading link to ESG outcomes, will see its hotels (2000+ rooms) rebranded to ibis Styles, Mercure and Novotel hotels when they join the 340+ Accor network of hotels, apartments and resorts across Australia. Paul Salter, Managing Director of Salter Brothers confirmed that the signing was an excitin...
