Valor Hospitality Partners announces strategic partnership with CityBlue Hotels in East Africa

Valor Hospitality Partners, a global full-service hotel management company, today announced its recent partnership with CityBlue Hotels, Africa’s fastest growing local hotel chain, owned by The Diar Group.

As part of a long-term agreement, the new joint venture, to be called Valor Diar, will initially operate Divine Residences by CityBlue in Riverside, Nairobi – developed by Vaal Real Estate – which is expected to open in April 2023. Valor Diar will bring a significant pipeline of properties to East Africa as the market recovers from the impact of the COVID-19 pandemic.

“CityBlue has overcome the challenges of the African market and has reached a natural moment to call on an international management partner. Valor has a solid base and a team of professionals in the Middle East and South Africa, eager to share their knowledge. Additionally, as we begin to see the future beyond the pandemic, this is the perfect opportunity to expand our global footprint ”, said Euan McGlashan, CEO and global co-founder of Valor Hospitality Partners. “The Diar Group had identified a gap in the sub-Saharan market over the past decade with its well-known and evolving CityBlue brand. “

“Our journey from a start-up to an established African hotel chain has allowed us to develop an in-depth understanding of many markets. We believe this has prepared CityBlue for the next phase of expansion and to do so, it makes sense to partner with a world-class management team. Valor’s visionary leadership recognizes that its global strategy must include all of Africa and not just South Africa ”, said Jameel Verjee, Diar Group Director and Founder of CityBlue.

For more information on Valor Hospitality Partners, their leadership team and global properties, visit valorhospitality.com valorhospitality.com.

ABOUT CITYBLUE HOTELS

CityBlue was founded in 2013 with the vision of bringing much-needed quality hospitality facilities to the hotel landscape of Sub-Saharan Africa. In the years since its inception, CityBlue has built a reliable and passionate team of local and international professionals from the ground up, instilling discipline, growing standards and fostering a sense of family. CityBlue’s portfolio includes four sub-brands which together reflect the spirit of the group: CityBlue Hotel & Suites, Urban by CityBlue, Residences by CityBlue and Lodges by CityBlue. For more information visit https://citybluehotels.com

ABOUT THE DIAR GROUP

The Diar Group, created by the Verjee family, includes a hotel arm called Diar Hospitality, a hotel management company. The operations of CityBlue Hotels, its hotel chain of African origin which began in 2013 to disrupt the localized hotel sector on the continent, are managed by Diar Hospitality.

About Valor Hospitality Partners

Valor Hospitality Partners is a full-service hotel underwriting, acquisition, development, management and asset management company. With more than 80 hotels in its international portfolio, Valor Hospitality offers a range of services, including site selection, product and brand selection, rights, financing solutions, design, construction and project management. , purchasing, technical services, pre-opening and operations management. . Valor also provides advisory services on a wide range of project scenarios, including working with new or existing ownership groups on reviewing site selection, evaluating feasibility studies and project budgets, compilation of project budgets and underwriting. For more information, visit https://valorhospitality.com or connect with Valor on Facebook and LinkedIn.

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