Valor Hospitality Partners Middle East recently announced their highly anticipated partnership with the Hospitality & Leisure vertical of Investment Corporation of Dubai (ICD), the principal investment arm of the government of Dubai, which manages a portfolio of commercial companies and investments.
With the joint venture firmly in place, Valor Hospitality has commenced operational transition of 800+ keys across popular and established hotels in the Emirate, including Dubai’s first five-star property, the Radisson Blu Hotel Dubai Deira Creek and 3 Wyndham Deira hotels. These properties which will retain their existing brands,will be added to the portfolio of operating and pipeline properties Valor have in the region. Valor Hospitality operate 85+ properties globally and enjoy preferred status or close partnerships with global hotel brands, working closely with owners to develop their assets.
“We feel honoured to manage these hotels that have been part of the Dubai landscape for varying degrees of time. We feel sincere accountability towards our hotel guests, hotel teams, and hotel brands during the transition processes” said Euan McGlashan, CEO and global co-founder of Valor Hospitality Partners. “We have a strong history of retention of team members during the process of assuming operational management and remain committed to growing employee culture, in addition to ensuring personal and professional growth” McGlashan continued.
A spokesperson for ICD said “Valor Hospitality bring global knowledge of a business model unique to the region that we are excited to see unfold and develop. The agreement will help Valor expand in the region, strengthen its operations and implement its strategies with the addition of the 4 properties in the ICD portfolio.”
“The Middle East, and Dubai in particular, continues to lead when it comes to hospitality and provides a strong proving ground for brands as they enter or evolve their offering for the region,” said Julien Bergue, Co-founder and Managing Partner of Valor Hospitality Partners Middle East. “There are 65,000 rooms under development in Dubai and working with our asset owners and leading brands to supply first-in-class hospitality options for business and leisure travellers, while ensuring a strong business model for both sides, is our ultimate goal,” Bergue concluded.