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 mid-scale, 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 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 1,000 rooms to our portfolio in the African continent, primarily in the mid-scale segment and select hotels in upscale and luxury segments. We currently have 26 operating hotels across eight countries in Africa, and we are looking at expanding our presence further by close to 40 per cent, in three to five years.”
Graham Wood, Managing Director of Valor Hospitality Partners Africa, added, “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.”