Valor, Diar Group to co-develop in Africa

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 developed by Vaal Real Estate and is set to open in April 2023. Moving forward, Valor Hospitality Partners Co-Founder and CEO Euan McGlashan said part of the reason behind the tie-up was Diar Group’s ongoing ability to…
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