Valor Africa deal

HOTELIER Valor Hospitality Partners has signed a partnership agreement with African hotel chain CityBlue Hotels to form a new joint-venture entity called Valor Diar.

Under the terms of the arrangement, the combined company will operate Divine Residences by CityBlue in Riverside, Nairobi which is set to open in Apr 2023, before bringing a significant pipeline of East African properties, including scaling up the CityBlue brand in the Sub-Saharian market.