The newly formed, UK-based management company, Valor Hospitality Europe, has added five hotels to its already growing portfolio. Valor will now manage 17 properties across the UK on behalf of investment vehicles affiliated with MCAP Global Finance Ltd.(“MCAP”)*, who have just acquired 5 Hilton branded hotels.
Valor Hospitality Europe is an extension of USA-based Valor Hospitality Partners, who operate properties on the East Coast of the United States. Valor’s sister company, PMR Hospitality Partners, based in Cape Town, manages a portfolio of properties in South Africa. Valor operates independent hotels, resorts and branded properties and enjoys a strong working relationship with many of the major brands, including IHG, Hilton, Marriott and Starwood.
The acquisition of the DoubleTree by Hilton in Manchester and Leeds, the Hilton Garden Inn hotels in Bristol, Birmingham and Glasgow brings an additional 1200 rooms to the group. Valor manages the remainder of its existing UK portfolio under a collection of IHG and Hilton franchises.
Brian McCarthy, Managing Director of Valor Hospitality Europe said: “Obviously this is a great opportunity for Valor and another key purchase for MCAP. It is one which the entire company is very excited about. This also cements our relationship with Hilton and I’m looking forward to doing further work with them.
“I am incredibly proud of the rapid progress we are making at Valor. In a short length of time we have started to establish ourselves as a young, vibrant, dynamic management company. We are focused on creating a business where the cornerstones are simple – high levels of employee engagement, exceptional standards of customer service wrapped in great commercial practice. I truly believe this formula combined with the right capital investment will produce strong returns on investment for our owners.
“Our immediate growth will come from our strong partnership with MCAP but I see that situation evolving as we start to work with other owners looking for a strategically focused new operator. I see there being plenty of opportunity in a market that is moving quickly.”
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