SINGAPORE, Sept 16 — InterContinental Singapore at Bugis will end its management under the InterContinental Hotels Group (IHG) on December 31, with the property slated to rebrand in 2026 under a yet-to-be-named operator.
According to a report by CNA, IHG confirmed the change on Tuesday, saying the hotel’s exit was linked to the expiry of its management agreement with the property’s owner, Frasers Hospitality Trust (FHT).
“We have a long-standing and fruitful relationship with Frasers Hospitality Trust and would like to thank the team for their partnership on InterContinental Singapore,” IHG said.
The group continues to run 13 hotels across six brands in Singapore, including InterContinental Singapore Robertson Quay, which is owned by RB Capital.
The Bugis property, which has 406 rooms across 16 floors, is owned by FHT.
In a joint statement, Frasers Hospitality and FHT described the hotel as a “key asset” and said it would continue operations despite leaving the IHG system.
“Any change in hotel operator is consistent with Frasers Hospitality’s active asset management strategy,” they said, adding that further updates would be provided in due course.
The announcement comes as FHT prepares for delisting in October, after Frasers Property moved to buy out the trust.
The group cited macroeconomic pressures that have made it difficult for FHT managers to expand distribution and net asset value.
At an investors’ meeting on August 15, FHT chief executive Eric Gan said premium hotels such as InterContinental Singapore face headwinds, pointing to price sensitivity among travellers, demand elasticity, and the stronger Singapore dollar making such stays costlier.
Beyond Singapore, FHT owns Fraser Suites Singapore as well as hotels and serviced residences in Australia, the United Kingdom, Malaysia, Germany and Japan.
