INVESTMENT
Valor ,
Nairobi ’ s Diar Group to co-develop in Africa
Guest room at CityBlue Nairobi
ATLANTA ’ S VALOR HOSPITALITY STRIKES A DEAL THAT WILL CREATE A FORTIFIED GROUP TO GIVE DEVELOPERS THE CONFIDENCE TO RESTART NUMEROUS DEALS ACROSS EAST AFRICA .
by JEFF WEINSTEIN , EDITOR IN CHIEF
Recognizing opportunity to grow in Africa as the market eventually recovers from the pandemic , Atlanta-based management firm Valor Hospitality Partners has agreed to a joint venture with African hotel chain CityBlue Hotels , owned by The Diar Group , Nairobi , Kenya .
The new venture will be called Valor Diar and will start by operating Divine Residences by CityBlue in Riverside , Nairobi , Kenya . The project was
WITH VALOR , WE SEE SCOPE TO JOINTLY MANAGE CITYBLUE AND NON-CITYBLUE PROPERTIES , ESPECIALLY IN OUR SPECIALIST MIDDLE AND UPPER-MIDDLE MARKET SECTOR .
– JAMEEL VERJEE
68 hotelsmag . com November / December 2021