Valor Hospitality Partners, a global hotel management company, has announced its recent partnership with CityBlue Hotels, Africa’s fastest growing local hotel chain, owned by The Diar Group.
The new long-term joint venture, called Valor Diar, will initially operate Divine Residences by CityBlue in Riverside, Nairobi – developed by Vaal Real Estate – which is set to open in April 2023.
“CityBlue has overcome challenges in the African marketplace and reached a natural time to bring on board an international management partner. Valor has a strong base and team of professionals in the Middle East and South Africa who are eager to share their knowledge,” says Euan McGlashan, CEO and Co-Founder of Valor Hospitality Partners. “Moreover, as we start to see the future beyond the pandemic, this is the ideal opportunity to expand our global footprint.”
“Valor’s visionary leadership recognises that its global strategy must include all of Africa and not just South Africa,” explains Jameel Verjee, Principal of The Diar Group and Founder of CityBlue.