- Valor Hospitality Partners announced a partnership between Valor Hospitality Partners Middle East and a wholly-owned subsidiary of Investment Corp.
- this partnership aims to scale up operations in the Middle East by signing new hotel management agreements with hotel owners.
Valor Hospitality Partners is a global hotel management company that provides full-time services announced on 30th September as a partnership. This highly anticipated partnership is going to be between Valor Hospitality Partners Middle East and a wholly-owned subsidiary of Investment Corporation of Dubai that manages a portfolio of commercial companies and investments, ICD Hospitality and Leisure LLC.
Valor Hospitality Partners DMCC aims to scale up operations in the Middle East through this long-term joint venture, by signing new hotel management agreements with hotel owners.
Valor Hospitality enjoys preferred status or close partnerships with the hotel groups, and these leading global hotel groups have a majority of their hotels under franchise operations. The joint venture is focused on regionally expanding its footing in the hospitality industry.
“We are incredibly proud and privileged to partner with ICD in this highly anticipated agreement on the back end of the recent pandemic crisis. Many owners are looking to franchise for growth, and this allows us to further develop our fully integrated management solutions & operations platform jointly in the Middle East region” said Euan McGlashan, CEO and Global Co-founder of Valor Hospitality Partners.
“The timing could not be better as the Middle Eastern hospitality and tourism sector has reached a level of maturity for this model to gain traction rapidly. The franchise is largely standard and has enjoyed longevity and success in the USA and Europe, with owners wanting more control and insight into their assets, while it allows hotel brands to scale and grow their footprint faster. We could not ask for a better, more respected partner than ICD,” McGlashan continued.
A spokesperson for ICD said, “We are pleased to partner with Valor Hospitality on this venture to welcome innovative global organizations who believe and invest in the UAE. Valor brings global business model knowledge, deployed through local experts with hands-on experience in the region. The Dubai tourism sector has shown its resilience, particularly during the pandemic over the last two years. This may be a good time to further diversify the hospitality sector, and adapt the way hotel assets are managed, to create more value within Tourism.”
“With Dubai’s reputation as a leading tourism hub it made sense to launch Valor Middle East here in 2018, as it was our intention to bring creative and innovative solutions to the region, making it the first global full-service management company to enter the market,” said Julien Bergue, Co-founder and Managing Partner of Valor Hospitality Partners Middle East.“
The joint venture with ICD will help us contribute to HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai’s ‘Dubai Vision 2040’, boosting development, tourism investment and innovation in the hospitality sphere as Dubai continues its popularity as a top global destination,” Berge concluded.
About ICD Hospitality and Leisure LLC
“ICD Hospitality and Leisure LLC, a wholly-owned subsidiary of Investment Corporation of Dubai (ICD), holds a select portfolio of major hospitality assets across Dubai and around key international markets.ICD Hospitality and Leisure invests selectively in leading hotels and is pivotal in driving Dubai’s economic engine. Its rich portfolio offers a wide range of travelers some of the world’s best-in-class hospitality infrastructure”. Visit for more.
About Valor Hospitality Partners
“Valor Hospitality Partners is a leading fully integrated management solutions & operations company, headquartered in Atlanta, GA, USA. With over 85 hotels in its portfolio across The Americas, UK, Africa, and the Middle East, Valor is now rapidly expanding further within the Middle East, CIS, and Indian Ocean regions. Working closely with owners and international hotel franchise partners, Valor creates value through shared operating platforms within key markets, cutting-edge value creation, and support with additional services such as site selection, brand selection, financing solutions, conceptual design, project management, procurement, technical services, and asset management”. Visit for more.