A portfolio of 17 UK hotels managed by Valor Hospitality Partners has passed into the ownership of ProsperCap Corporation Limited (formally known as 3Cnergy), a publicly traded company listed on the Singapore Exchange. The hotels were previously owned by Thailand-based DTP Inter Holdings Corporation, which is a subsidiary of DTGO Corporation Limited and has a controlling interest in ProsperCap.
Public ownership of the portfolio represents an important step in DTGO’s strategic plan to accelerate portfolio growth under the direction of the newly formed ProsperCap Board of Directors. Valor Hospitality has played a key role in the development and management of the portfolio, and he will continue to provide operational and strategic services in support of ProsperCap’s planned international expansion.
DTGO acquired the Hilton, Marriott, and IHG franchise hotel portfolio in December 2019 and partnered with Valor after Valor successfully managed the hotels for six years under previous ownership. and managed the facility. Shortly after the acquisition of DTGO, he said, the Covid-19 pandemic occurred, creating widespread challenges across the industry. However, working closely together, Valor and his DTGO were able to successfully navigate this period, ensuring continued employment for all staff and rapidly recovering once restrictions on travel and socialization were lifted.
During this period, Valor achieved strong trading performance for its portfolio while also completing several complex renovation projects across its portfolio. In 2023, Barrow will also begin an extensive renovation process for the Hilton-branded hotels in its portfolio, with work expected to continue through 2024.
The portfolio’s move to public ownership joins Valor Hospitality UK’s ranking in the industry’s top six Best Places to Work in 2023, as well as a number of other industry honors, including IHG’s Revenue Team of the Year. This was in response to winning the award. Valor’s successful management of the UK portfolio through many challenges over the past four years has led the organization to build on his strong relationship with DTGO, which serves as a strong foundation for further collaboration opportunities around the world and with Valor. Supported ProsperCap’s growth plans.
This is a great strategic development and we look forward to building our portfolio with ProsperCap. The transition of the portfolio into public ownership comes after a great year for Valor Hospitality, with our investment in our portfolio and team going from strength to strength. Brian McCarthy, President of Valor Hospitality UK & Europe
This transaction represents a strong transition from a true partnership between Valor and DTGO to a partnership between Valor and PropserCap. This is a testament to the unwavering performance of our frontline employees in delivering exceptional service for a great customer experience while achieving strong commercial results. The timing for the listing could not be better, with the addition of highly regarded industry veteran Jon Colley, who will serve as Chief Strategic Growth Officer for Valor UK + Europe and grow the region’s portfolio over the next few years. It will be good enough. As we begin this new journey with ProsperCap, we are confident in the opportunities ahead. We value our mutual growth aspirations and continue to work with partners who have the same passion for excellence as we do. Through our key partnerships, he has built Valor into a successful global operating company. We appreciate ProsperCap’s continued support. Ewan McGlashan, Global Co-Founder and CEO of Valor Hospitality
In particular, we are pleased to welcome new public capital partners who complement our important strategic relationships in the private equity, family office and sovereign wealth fund communities. We believe Prosper Cap is uniquely placed to pursue investment in core hospitality properties that have traditionally been underserved by public investors in the UK and Europe. Steve Cesinger, Global Co-Founder and Chief Capital Officer of Valor Hospitality
We are excited to start the new year with the listing of ProsperCap. We are also pleased and pleased that Valor will be able to manage the UK assets as the basis for the new company. As we take this next step as a publicly traded company, we look forward to leveraging the strengths of our Valor properties to support our long-term growth and presence as an owner and manager in the global hospitality and lodging market. thinking about. At the same time, we instill strong sustainability and social values in our operations and investments, maximizing both financial and social returns for all our stakeholders. Iqbal Jumaboj, CEO and Executive Director of ProsperCap
About Valor Hospitality Partners
Valor Hospitality Partner is a leading global full-service hotel underwriting, acquisition, development, management and asset management company. With over 95 hospitality projects in its international portfolio, Valor Hospitality provides site selection, product and brand selection, qualifications, financing solutions, conceptual design, construction and project management, procurement, technical services, pre-opening, and operations. management. Valor also provides consulting services for a wide range of project scenarios, including working with new or existing ownership groups to explore site selection, feasibility studies and project budget evaluations, project budget development, and underwriting. Masu. For more information, visit valorhospitality.com. Connect with Valor on Facebook and LinkedIn.