IHG, Valor Hospitality Partners sign deal for African growth

IHG already has a Holiday Inn in Cape Town. Photo credit: IHG

IHG has signed a master development agreement with Cape Town-based Valor Hospitality Partners Africa to roll out multiple franchise hotels over the next 10 years across IHG’s portfolio of brands in midscale, upscale and luxury segments. 

The agreement will bring IHG's hotels to South Africa, Botswana, Mozambique, Mauritius, Ethiopia, Zambia and Kenya. 

Valor Hospitality Partners Africa is a subsidiary of Valor Hospitality Partners Global, a company that manages and asset manages projects across America, the U.K., Middle East, South Africa and South East Asia. IHG currently operates hotels with Valor Hospitality Partners in America and the U.K. 

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

"Valor has been our long-term partner in America and the U.K. for many years and we are pleased to be building our network with an experienced, existing operating partner in new markets," said Pascal Gauvin, managing director, India, Middle East and Africa, IHG. "This signing is in line with our growth ambition in the region and will add approximately 1,000 rooms to our portfolio [on] the African continent, primarily in the midscale segment and select hotels in upscale and luxury segments.”

The company currently has 26 open and operating hotels across eight countries in Africa, and is looking to expand its presence by another 40 percent over the coming five years.

Suggested Articles

Like training a horse, onboarding a new employing requires managers to build trust, convey consistent messages and remain open to other techniques.

The two Fort Worth hotels, both owned by Sagamore Capital, add 213 rooms to Hotel Equities’ management portfolio.

Elizabeth Uber brings more than two decades of hospitality experience to her new role at Interstate Hotels & Resorts.