Valor Hospitality Partners announces strategic partnership to support Dubai Vision 2040

Valor Hospitality Partners announces strategic partnership to support Dubai Vision 2040

Dubai, U.A.E – Valor Hospitality Partners Middle East, a global, full-service hotel management company announced today a highly anticipated partnership with ICD Hospitality and Leisure LLC, a wholly owned subsidiary of Investment Corporation of Dubai 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.

“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” said Euan McGlashan, CEO and Global Co-founder of Valor Hospitality Partners. “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. Franchise