Valor Hospitality Expands Globally Into Asia With Addition of Two Thai Hotels in Bangkok and Sri Racha
Valor Hospitality (Valor) announced today that its new Asia division has been selected to provide hospitality management services to two hotels and a luxury residential property on the world’s most populous continent.
The hotels include the continent’s first Staybridge Suites in Thonglor, Bangkok, and Thailand’s first Holiday Inn & Suites located in the coastal Thai town of Si Racha (both opening in 2020).
Valor Asia was also selected to provide concierge services to Hyde Heritage Thonglor, a 45-floor residential building in Bangkok, Thailand, that includes seven floors of public space and luxury facilities. These concierge offerings include, but are not limited to, housekeeping, laundry, catering and in-room dining, meet and greet, package receiving, and transportation coordination services. The property, tentatively set to open in 2022, is a joint venture between Sumitomo Forestry Co, Ltd. and Grande Asset Hotels and Property PCL.
With its three new properties, Valor Asia will be one of the first to provide third-party hotel management services on the continent.
The company’s expansion into Asia comes on the heels of Valor announcing the launch of its Middle East division this summer.
Valor provides nearly 80 hotels across Africa, North America and Europe with a wide range of third-party management services, including food and beverage, capital fundraising, sales and marketing and development services.
“With our entry into Asia, we’re setting our sights on helping more property owners on the continent increase profitability, stand out from the competition and wow their guests and residents,” says Tomas Kastberg Andersen, Valor Asia’s director of operations.
The luxury condo building in Thailand will be Valor’s first residential property ever. “While Valor typically provides services to hotels, that same dedication to top-notch service easily transfers to the needs of luxury condo-building owners looking to differentiate themselves from the competition by applying hospitality-style amenities to residential properties,” says Dulaphan Amatyakul, managing director of Valor Asia. “We’re looking forward to providing every resident of Hyde Heritage Thonglor the same high-quality experience they’d enjoy at any Valor hotel.”
About Valor Hospitality Partners
Valor Hospitality Partners is a full-service hotel management, acquisition and development company offering an array of services including site selection, product selection, entitlements, financing solutions, conceptual design, construction and project management, procurement, technical services, pre-opening hospitality management and operations management. Valor Hospitality Partners is a proven hospitality management company driven by excellence and achievement of top and bottom-line targets. Our on-time/on-budget ethos, combined with our willingness to invest directly in projects, ensures we are aligned with owners and investors. As a comprehensive services provider, Valor Hospitality Partners can also plan and oversee the refurbishment and renovation of existing properties and assist ownership in positioning. Unlike most traditional hospitality management companies, Valor Hospitality Partners’ extensive background and expertise in capital markets gives us unique insight to address property level capital requirements as well as operating issues. We can act as a deal sponsor and operating partner and will consider investing our own capital where appropriate. We can also assist existing ownership in developing and implementing restructuring and/or refinancing strategies.
Contact: Angela D’Amario