Valor Hospitality Partners, a global leader in full-service hospitality solutions, has signed three new hotel management contracts in Namibia.
This follows an announcement made earlier this week of two new properties in West Africa that’s been added to Valor portfolio on the continent, signed at the Future Hospitality Summit (FHS) in Cape Town this week.
The three deals are all with IHG Hotels and Resorts, one of the world’s leading hospitality companies, to manage three new-build properties in Namibia, namely the Vignette Collection Dunes Resort Swakopmund making its debut in the country, Holiday Inn Walvis Bay, and Voco Windhoek Central Business District (CBD).
The debut of a Vignette Collection property in Namibia bears testament to the country’s growing appeal as a destination of choice for the discerning traveler.
The combined capital expenditure for the development and establishment of the three new-build properties in the Southern African country is a significant R1.3 billion.
Not only do these agreements strengthen Valor’s relationship with IHG in the region, it also expands their footprint across the continent and attests to the growing preference for fully integrated hospitality management services.
Valor will oversee the successful opening and management of each of the Namibian properties, drawing on their deep global experience to bring a best-in-class offering to the agreement.
Michael Pownall, Co-Founder and Managing Partner at Valor Hospitality Partners, says the signing of these agreements reflect not only confidence in the continent’s hospitality sector but also its appreciation for the value fully integrated management services offer.
“These partnerships are about value first and foremost, and how that value enhances the entire sector for all stakeholders. Of course, we’re also immensely pleased – and proud – to grow and diversify our regional presence even further” he says.
Valor brings global insights and strategy to the table. Combined with their deep understanding of how to blend the big-picture with regional and cultural nuances in each location, it’s an approach that ensures global best-in-class management and operational practices at every level.
Haitham Mattar, Managing Director, IMEA, IHG Hotels and Resorts, said: ” Namibia is one of the most promising growth markets in southern Africa, and we are proud to enhance our presence in the country with three distinctive brands.”
“With strategic locations in Swakopmund, Walvis Bay, and Windhoek, these hotels will cater to the full spectrum of traveler needs, from lifestyle seekers and leisure guests to business executives. This deal shows our ambition to expand our footprint in high-potential African markets through strong local partnerships and a diversified brand portfolio.”
Reagon Graig, Managing Director Cadence Capital said their collaboration with IHG Hotels & Resorts marks a major milestone for Namibia’s growing hospitality sector.
Also commenting on the transaction, Rodrigo Pimenta, Managing Director, Santiago Property Developers said the development of these three hotels aligns perfectly with their vision to support the country’s tourism and business infrastructure, while creating high-quality, globally recognized destinations.