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.
IHG will expand its presence in sub-Saharan Africa, including in key countries such as South Africa, Botswana, Mozambique, Mauritius, Ethiopia, Zambia and Kenya.
Valor is a subsidiary of Valor Hospitality Partners Global that manages and asset manages projects across the United States, the UK, Middle East, South Africa and South East Asia.
This signing is in line with IHG’s growth ambition in the region and will add approximately 1,000 rooms to its African portfolio, primarily in the midscale segment and select hotels in upscale and luxury segments.