Dubai’s ICD & Valor Hospitality Partners sign hotel management agreement

Dubai’s ICD & Valor Hospitality Partners sign hotel management agreement

Valor Hospitality Partners Middle East, a global, full-service hotel management company, has signed a highly anticipated partnership with ICD Hospitality and Leisure, a wholly owned subsidiary of Investment Corporation of Dubai (ICD) that manages a portfolio of commercial companies and investments.

Under a long-term arrangement, the new joint venture, Valor Hospitality Partners DMCC, will scale up operations in the Middle East region by signing new hotel management agreements with hotel owners.

Leading global hotel groups have a majority of their hotels under franchise operations, and with Valor Hospitality enjoying preferred status or close partnerships with these hotel groups, the joint venture aims to create more momentum in the industry regionally.

Euan McGlashan

CEO & Global Co-founder

Valor Hospitality Partners “We are incredibly proud and privileged to partner with ICD in this highly anticipated agreement on the back end of the recent pandemic crisis. Many owners are looking to franchise for growth, and this allows us to further develop our third-party management operations platform jointly in the Middle East region. The timing could not be better as the Middle Eastern hospitality and tourism sector has reached a level of maturity for this model to gain traction rapidly.”

“With Dubai’s reputation as a leading tourism hub it made