Main Photo: The InterContinental Johannesburg Sandton
Date: April 2019
Location: Across Africa – including South Africa, Botswana, Mozambique, Mauritius, Ethiopia, Zambia and Kenya.
Name: Across the IHG brands
No. of Keys: The target is to add 1,000 rooms
Partner: Valor Hospitality Partners
IHG has signed a master development agreement with Valor Hospitality Partners Africa. The move will accelerate growth of its mid-scale, up-scale and luxury brands across sub-Saharan Africa.
Valor Hospitality Partners Africa is a subsidiary of Valor Hospitality Partners Global that manages and asset manages projects across America, the UK, Middle East, South Africa and South East Asia. IHG currently operate 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 1000 rooms to our portfolio in the African continent, primarily in the mid-scale segment and select hotels in upscale and luxury segments.
He added: We currently have 26 operating hotels across eight countries in Africa, and we are looking at expanding our presence further by close to 40%, in 3-5 years.
Graham Wood, Managing Director of Valor Hospitality Partners Africa added: “We are thrilled to further strengthen our partnership with a global hospitality leader such as IHG and expand our portfolio in Africa with their well-established brands that are loved by travellers across the world.
We have consistently benefited 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. With the new brands IHG have added in recent months, this agreement presents us with a unique opportunity to provide a range of high-quality branded accommodation options to suit the evolving needs of guests travelling to Africa.”
THPT Comment: IHG currently operates 26 hotels across four brands including InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Holiday Inn, and Holiday Inn Express, in Africa, which is actually quite a small number, so good to hear this news.
First Seen: IHG website
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