Dubai: InterContinental Hotels Group (IHG®), one of the world’s leading hotel companies, has signed a Master Development Agreement with 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 see IHG expand its presence in Sub-Saharan Africa, including key countries such as South Africa, Botswana, Mozambique, Mauritius, Ethiopia, Zambia and Kenya. The development adds to IHG’s growing pipeline in the Middle East and Africa and cements its position as one of the leading operators in the region.

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

Speaking on the announcement, Pascal Gauvin, Managing Director, India, Middle East and Africa, IHG said: “Valor has been our long-term partner in America and the UK for many years and we are pleased to be building our network with an experienced existing operating partner in new markets. This signing is in line with our growth ambition in the region and will add approximately 1000 rooms to our portfolio in the African continent, primarily in the midscale segment and select hotels in upscale and luxury segments. This will allow us to cater to the increasing number of diverse domestic and international travellers looking for quality branded accommodation in Africa.”

He added: “We currently have 26 operating hotels across eight countries in Africa, and we are looking at expanding our presence further by close to 40%, in 3-5 years.”

Graham Wood, Managing Director of Valor Hospitality Partners Africa added: “We are thrilled to further strengthen our partnership with a global hospitality leader such as IHG® and expand our portfolio in Africa with their well-established brands that are loved by travellers across the world. We have consistently benefitted from IHG’s global distribution system in the Americas and the UK, best in class revenue management tools, and their commitment to deliver commercial success in partnership with their owners. With the new brands IHG have added in recent months, this agreement presents us with a unique opportunity to provide a range of high-quality branded accommodation options to suit the evolving needs of guests travelling to Africa.”

-Ends-

Media Enquiries:

Ankita Chopra
Communications Manager
InterContinental Hotels Group (IHG)
Tel: +971 4 213 6502
Email: ankita.chopra@ihg.com 

IHG® (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation with a broad portfolio of hotel brands, including Regent Hotels & Resorts, InterContinental® Hotels & Resorts, Kimpton® Hotels & Restaurants, Hotel Indigo®, EVEN® Hotels, HUALUXE® Hotels and Resorts, Crowne Plaza® Hotels & Resorts, voco™, Holiday Inn®, Holiday Inn Express®, Holiday Inn Club Vacations®, Holiday Inn Resort®, avid™ hotels, Staybridge Suites® and Candlewood Suites®.

IHG franchises, leases, manages or owns more than 5,600 hotels and approximately 837,000 guest rooms in more than 100 countries, with almost 1,900 hotels in its development pipeline. IHG also manages IHG® Rewards Club, our global loyalty programme, which has more than 100 million enrolled members.  

In February 2019, IHG acquired Six Senses Hotels Resorts Spas, adding 16 hotels (1,347 rooms) to its system and 18 hotels to its development pipeline.

InterContinental Hotels Group PLC is the Group’s holding company and is incorporated in Great Britain and registered in England and Wales. More than 400,000 people work across IHG’s hotels and corporate offices globally.

Visit www.ihg.com for hotel information and reservations and www.ihgrewardsclub.com for more on IHG Rewards Club. For our latest news, visit: www.ihgplc.com/media and follow us on social media at: https://twitter.com/ihgcorporate, www.facebook.com/ihgcorporate and www.linkedin.com/company/intercontinental-hotels-group 

About Valor Hospitality
Valor Hospitality Partners Africa, founded in 2013 by Tony Romer-Lee, Euan McGlashan, Michael Pownall and Graham Wood is a full-service advisory, asset management and 3rd party management company set up to serve sub-Saharan and Southern Africa and one of the very few highly respected franchise operators in the region with deep rooted domestic and international experience in  corporately branded and independent hotels, resorts and game reserve management.

Valor Hospitality Partners is a full-service global hospitality management company covering multiple countries and using their shared global resource of over 70 senior executives, partners and stakeholders.

Founded in 2012 by Euan McGlashan and Steve Cesinger; Valor Global is now involved in more than 50 projects worldwide.

Visit www.valorhospitality.com for more information on this fast growing, award winning and highly respected hospitality group.

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.