InterContinental Hotels Group (IHG) is expected to return a further £800m to shareholders when it releases it full year results next Tuesday.
According to The Times, IHG is also expected to announce plans to sell some of its 25 remaining owned hotels, including the InterContinental Buckhead Hotel in Atlanta, for an estimated $115m (£59m).
The disposals would continue IHG's asset light strategy, with the company now focusing on management and franchise deals for profits and growth.
Barclay Brothers have recently built up a 5% stake in IHG, which has already returned £2.75b to shareholders after disposing of 175 of its 200 owned properties.
IHG operates under the InterContinental, Crowne Plaza, Holiday Inn, Express by Holiday Inn and Staybridge Suites brands.
By Emily Manson