Merger Announced Between Wilson Hotel Management And Valor Hospitality Partners

9/7/17

Euan McGlashan and McLean Wilson

Wilson Hotel Management, LLC, a wholly owned subsidiary of Kemmons Wilson Companies and Valor Hospitality Partners, both award-winning hotel developers and management companies, are pleased to announce a strategic partnership whereby KWC is merging its hotel management operations into Valor and making a substantial investment in the combined entity. This investment and merger will accelerate Valor’s growth with immediate effect. Terms of the merger were not disclosed.

The company will be headquartered in Atlanta and London, England, while retaining an office in Memphis. The combined operations will encompass 41 properties currently under management or in a confirmed pipeline. The hotels are located throughout the US and the UK with 48 corporate employees and well over 3000 team members within the hotels.

Euan McGlashan, co-founder and managing partner of Valor noted, “When Steve Cesinger and I formed Valor over five years ago, we chose the name Valor to represent our core values of integrity, courage, transparency and tenacity, and we could not be more pleased to have found a partner with such a strong cultural fit along with a longstanding, highly regarded reputation in the hospitality industry. Kemmons Wilson is one of the most relevant names in the hotel industry, and we are truly humbled and proud to be linked with such an iconic and storied family. While we feel that we have already accomplished a great deal in our short history, we are confident that the Wilson Family will greatly facilitate our future growth prospects, both here in the US and around the globe. This merger is the result of building our reputation through strong commercial results all wrapped in an authentic, award-winning culture where associate engagement means everything to us.”

McLean Wilson, Principal, Kemmons Wilson Companies, added, “We have been developing and managing hotels since 1952 when our grandfather, Kemmons Wilson, started Holiday Inn. Over the past 65 years, we have franchised multiple brands, learning the nuances of each. Now, we want to take this knowledge and expand our reach even further in the hospitality industry. Valor’s proven track record with their team members, excellent service, their focus on full-service hotels and an international portfolio really solidified them as the absolute right partner for us. We are excited to expand our efforts in the hospitality arena through our significant investment and strategic partnership with Valor. Together we can do more and execute better than we could have alone—a real one plus one equaling three.”

Both WHM and Valor have similar strategic visions that a merger will help them realize more quickly. The new entity will leverage the strengths of both companies to continue delivering award-winning service that owners and patrons enjoy and have come to expect. They also remain committed to their focus on culture, ensuring their team members truly understand their importance to and impact on the success of the business.

“Our partnership discussions naturally evolved from our initial conversations because we discovered how aligned our values are for each company and that we have a strikingly similar focus on people and their empowerment in the business,” shared Steve Cesinger, co-founder and managing partner, Valor Hospitality Partners. “Kemmons Wilson’s impressive story strikes a strong chord with Euan and me, as self-made entrepreneurs in the hospitality industry ourselves. We’re thrilled to see these two companies come together and look forward to leading the combined venture into a new era of hospitality management.”

About Valor Hospitality Partners

Valor Hospitality Partners is a hotel advisory, development and management company based in Atlanta and London. Valor owns and/or operates 30 properties in the U.S., U.K. / Europe and Africa, with an additional 11 sites in various stages of negotiation, development, or construction. Founded in 2012 by Euan McGlashan and Steve Cesinger, Valor was established when the partners noted a huge need gap on both continents for a hand’s on and bespoke, full service hotel company which owners could trust. Driven by the principles of incredible company and hotel cultures all wrapped in commerciality, Valor has in a short period of time built a business which executes award winning guest experiences and service while delivering strong returns for their numerous ownership groups. Sister company—PMR Hospitality Partners based in Cape Town, South Africa —operates all of the company’s hotels and resorts in sub-Saharan Africa. www.valorhospitality.com.

About Kemmons Wilson Companies, LLC

Kemmons Wilson Companies is a third-generation, single-family office established in 1948 by Kemmons Wilson. Most noted for founding Holiday Inn Hotels, Kemmons was a serial entrepreneur who never stopped creating or investing in businesses. Having owned, operated or partnered with people in over 400 ventures to date, the third generation helps lead the company today with a concentration in eight (8) key industries – aviation, cleantech, financial services, hotel, insurance, real estate, restaurant and time sharing – but is also open to opportunities outside these areas. We continue to exemplify the same core values, people-first philosophy and long-term perspective that our predecessors instilled. To learn more, visit www.kwilson.com.

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