Valor Hospitality Partners, a global, full-service hotel management company offering a full suite of services, has revealed its 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 LP.
The addition of the hotel portfolio doubles the global hospitality management company’s U.K. 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 its worldwide team of ‘Hotelitarians,’ according to the company.
“To say we are highly motivated about this partnership in the U.K. is an understatement,” said Euan McGlashan, CEO/global cofounder, Valor Hospitality Partners. “Marathon is one of our most trusted and longstanding partners and we are so grateful to be expanding our footprint with them again.”
He added, “Post-COVID, Valor Hospitality is in the process of reimagining the hotel landscape in the U.K., 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 guestrooms across 15 Holiday Inns and two Crowne Plazas. These branded, full-service hotels are strategically located in key regional markets across the U.K., including Leeds, Leicester, Reading and Southampton.
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 guestrooms, 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 U.K. expansion is yet another step by Valor Hospitality to transform the hotel landscape in the region and across the globe.
Brian McCarthy, managing director, U.K. & Europe, Valor Hospitality, said, “We are delighted to be given this opportunity by Marathon, and we 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.”