M&L Hospitality, run by Singapore entrepreneur Michael Kum, is about to list on the stock exchange.
It is reported that investment bank CIMB is looking at fund managers about their interest in M&L.
The company currently owns Four Points by Sheraton and Swissotel in Sydney and Travelodge Docklands in Melbourne.
If its listing is successful it would be only the second ASX accommodation company to do so after the Brooklands/Thakral Holdings listing.
Mantra and Quest are possible ASX listings in 2014.