ATLANTA, Ga. – June 4, 2021 –
Valor Hospitality Partners, a global, full-service hotel Management Company offering a full suite of services, announced today their 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, L.P. (“Marathon”). The addition of the expansive hotel portfolio doubles the global hospitality management company’s United Kingdom footprint. This growth is fueled by Valor’s guiding principle to offer unique, differentiated experiences for travelers that foster genuine connections with people and cultures, driven by their worldwide team of ‘Hotelitarians’. In turn, this leads to industry leading commercial results and returns for Valor’s ownership groups.
“To say we are highly motivated about this partnership in the United Kingdom 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,” said Euan McGlashan, CEO and global co-founder of Valor Hospitality Partners. “Post-COVID, Valor Hospitality is in the process of reimagining the hotel landscape in the United Kingdom, 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 guest rooms across 15 Holiday Inns and two Crowne Plazas. These branded, full-service hotels are strategically located in key regional markets across the United Kingdom, including Leeds, Leicester, Reading and Southampton. With the addition of these well positioned hotels, Valor Hospitality’s United Kingdom locations will be at the forefront 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 travelers, from full leisure clubs with swimming pools to spa amenities, and recent renovations to guest rooms, 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 United Kingdom expansion is yet another step by Valor Hospitality to transform the hotel landscape in the region and across the globe.
“We are delighted to be given this opportunity by Marathon and 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 ongoing 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”. Brian McCarthy, Managing Director UK & Europe.
For more information on Valor Hospitality Partners, this acquisition and their global properties, visit valorhospitality.com.
ABOUT VALOR HOSPITALITY PARTNERS
Valor Hospitality Partners is a full-service hotel underwriting, acquisition, development, management and asset management company. With 80+ hotels in its international portfolio, Valor Hospitality offers an array of services, including site selection, product and brand selection, entitlements, financing solutions, conceptual design, construction and project management, procurement, technical services, pre-opening and operations management. Valor also provides consulting services on a wide range of project scenarios, including working with new or existing ownership groups on reviewing site selection, assessing feasibility studies and project budgets, compiling project budgets and underwriting. For more information, visit https://valorhospitality.com or connect with Valor on Facebook and LinkedIn.
ABOUT MCAP Global Finance (UK) LLP, an affiliate of New York based investment manager Marathon Asset Management, L.P. (“Marathon”)
Marathon Asset Management LP, formed in 1998 by Bruce Richards (Chairman & Chief Executive Officer) and Louis Hanover (Chief Investment Officer), seeks attractive absolute returns through investments in the global credit markets and real estate related markets with a long-term goal of building a world-class asset management platform. Marathon’s core competency is opportunistic investing in the global corporate, emerging market and structured credit markets based on fundamental, bottom-up research across distinct investment funds, managed vehicles, and separate accounts. Marathon’s private credit business includes direct lending, asset based lending, including healthcare and aircraft leasing along with real estate lending. Marathon’s team has significant experience investing in credit dislocations through multiple cycles. Marathon’s team is fully integrated to capitalize on credit opportunities globally. Marathon possesses a unique, broad-based skill set and proprietary platform to research, analyze and act upon complex capital structures and situations.
ABOUT IHG® HOTELS & RESORTS
IHG Hotels & Resorts is a global hospitality company, with a purpose to provide True Hospitality for Good. With a family of 16 hotel brands and IHG Rewards, one of the world’s largest hotel loyalty programmes, IHG has nearly 6,000 open hotels in more than 100 countries, and a further 1,800 in the development pipeline.
- Luxury and Lifestyle: Six Senses Hotels Resorts Spas, Regent Hotels & Resorts, InterContinental Hotels & Resorts, Kimpton Hotels & Restaurants, Hotel Indigo
- Premium: HUALUXE Hotels and Resorts, Crowne Plaza Hotels & Resorts, EVEN Hotels, voco Hotels
- Essentials: Holiday Inn Hotels & Resorts, Holiday Inn Express, avid hotels
- Suites: Atwell Suites, Staybridge Suites, Holiday Inn Club Vacations, Candlewood Suites