Main Photo: The new voco Rosebank – imagined
Date: January 2020
Location: Rosebank, Johannesburg, South Africa
Name: voco The Bank, Rosebank – opening 2020
No. of Keys: 131
Seller: The hotel is a new-build.
Buyer: The agreement is the first with Valor Hospitality, under a master development agreement the pair signed in 2019.
IHG announced the signing of a Master Development Agreement (MDA) 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. This is the first signing under the MDA and adds to IHG’s growing pipeline in the Middle East and Africa whilst strengthens the growth of company’s new upscale brand, voco in the region.
The brand allows guests to enjoy an upscale experience with the freshness of a unique, independent hotel under a name they can trust. Since being launched globally just over a year ago, voco has enjoyed rapid growth with multiple signings across the Europe, Middle East, Africa and Asia (EMEAA), and the signing of voco The Bank, Rosebank marks the brand’s debut in the African continent.
Located in Rosebank, a cosmopolitan commercial and residential suburb close to central Johannesburg, the hotel will provide easy access to all key business districts and directly links into the Rosebank Mall and pedestrian precinct, and is located at a convenient distance of 19 km from the city airport, (Gautrain Metro station is directly under the Hotel). The hotel will feature an expansive dining facility which will include a two-level restaurant, a lounge and bar. The hotel will feature 3 meeting rooms, accommodating approximately 80 people.
Speaking on the announcement, Pascal Gauvin, Managing Director, India, Middle East and Africa, IHG said: “We are pleased to announce the first hotel under our agreement with Valor Hospitality Partners Africa and debut our newest upscale brand voco, in the African continent.
Receiving immense interest from owners and partners, voco has gained tremendous momentum in the EMEAA region, and we are excited to be expanding the brand footprint further in the region.
He added: we look forward to signing more hotels under our agreement with our valued, long-term partner, Valor Hospitality Partners Africa and expand our offering across key markets in the continent. ”Euan McGlashan, Global CEO and Founder of Valor Hospitality Partners added: “We are excited to announce our first hotel with IHG on the African continent. voco, IHG’s latest upscale brand is a unique offering and we have received significant interest from the owner community in Africa. In partnership with IHG, we look forward to developing this distinct hotel with an individual character, to welcome leisure and business guests visiting South Africa and offering them a dependable upscale experience.
THPT Comment: IHG currently has 28 hotels on the African continent, across six of its brands. Welcome to voco and Valor’s first under the MDA.
First Seen: IHG website
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