VOL. 132 | NO. 178 | Thursday, September 7, 2017
Kemmons Wilson Co. Subsidiary to Merge with International Hotel Developer
By Patrick Lantrip
Wilson Hotel Management, a subsidiary of Kemmons Wilson Co., will merge with Valor Hospitality Partners, an international hotel developer with headquarters in Atlanta, Georgia, and London, England. And the new company's headquarters will be in Atlanta and London with an office in Memphis.
Kemmons Wilson Co. said in the Thursday, Sept. 7, announcement it plans on rolling its hotel management operations into Valor and making a “substantial investment” in the combined entity. No terms of the deal were disclosed.
The new company's footprint will encompass 41 hotel properties in the U.S. and United Kingdom currently under management or in a confirmed pipeline.
“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,” Kemmons Wilson Co. principal McLean Wilson said in the announcement of the deal.
“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,” Euan McGlashan, Valor co-founder and managing partner also said in the release. “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.”