Valor Hospitality Partners, a global, full-service hotel management company offering a full suite of services, has reported its most recent operating agreement, with the addition of 17 regional IHG Hotels & Resorts branded hotels in partnership with owner MCAP Global Finance (UK) LLP, an affiliate of New York based investment manager Marathon Asset Management LP.
The addition of the expansive hotel portfolio doubles the global hospitality management company's UK footprint. This growth is fuelled by Valor’s guiding principle to offer unique, differentiated experiences for travellers that foster genuine connections with people and cultures, driven by its worldwide team of ‘Hotelitarians’. In turn, this leads to industry leading commercial results and returns for Valor’s ownership groups.
Euan McGlashan, CEO and global co-founder of Valor Hospitality Partners, said, “To say we are highly motivated about this partnership in the UK is an understatement. Marathon is one of our most trusted and longstanding partners and we are so grateful to be expanding our footprint with them again.
“Post-COVID, Valor Hospitality is in the process of reimagining the hotel landscape in the UK and we are thrilled to continue collaborating with new, as well as existing owners with this expansion goal firmly in our focus. Importantly, we are 100% committed to ensuring we deliver significant upside and strong commercial returns for our owners.”
As Valor Hospitality’s newest addition, this portfolio consists of a total of 2,374 guestrooms across 15 Holiday Inns and two Crowne Plazas. These branded, full-service hotels are strategically located in key regional markets across the UK, including Leeds, Leicester, Reading and Southampton.
With the addition of these well positioned hotels, Valor Hospitality’s UK locations will be at the forefront of recovery as the global hospitality industry bounces back from COVID-19.
Each of the properties in the portfolio represent well-positioned, branded hotels that offer a range of amenities for travellers, from full leisure clubs with swimming pools to spa amenities, and recent renovations to guestrooms, public spaces, dining outlets and meeting and event venues.
Many of the hotels will receive further upgrades and, in some cases, possibly up-branding. The UK expansion is yet another step by Valor Hospitality to transform the hotel landscape in the region and across the globe.
Brian McCarthy, managing director UK & Europe, at Valor Hospitality, said, “We are delighted to be given this opportunity by Marathon and we are massively excited about starting the next chapter with them. We think this is testament to a job well done by Valor on their behalf over the past few years.
“For Valor, here in the UK, it should encourage other owners to consider our organisation when choosing a third-party management company. It also allows us to play a key role in the on-going evolution of Valor as it becomes a best in class, truly global management company.
'We couldn’t be happier as we embrace the challenges ahead, delivering culturally and commercially for Marathon and sincerely appreciate their trust in us”.Valor Hospitality