IHG, Valor Partner in Africa
IHG to grow by 40% in Africa
InterContinental Hotels Group has signed a master development agreement with Valor Hospitality Partners Africa to roll out multiple franchise hotels over the next 10 years across IHG’s portfolio of brands in midscale, upscale and luxury segments. The partnership will see IHG expand its presence in Sub-Saharan Africa, including key countries such as South Africa, Botswana, Mozambique, Mauritius, Ethiopia, Zambia and Kenya.
IHG has 26 operating hotels across eight countries in Africa. Pascal Gauvin, managing director, India, Middle East and Africa, IHG, says the company is looking to expand its presence by nearly 40% over the next three to five years.
Valor Hospitality Partners Africa is a subsidiary of Valor Hospitality Partners Global that manages and asset manages projects across America, the U.K., Middle East, South Africa and South East Asia. IHG currently operates hotels with Valor Hospitality Partners in America and the U.K.
Photo of InterContinental Johannesburg Sandton Towers: Courtesy of InterContinental Hotels Group