Management company Valor Hospitality Partners has made its Mississippi debut through a strategic partnership with local real estate and investment company Bellamare Development, assuming the management of eight hotels with 685 rooms across the state. Valor is Bellamare’s preferred operating partner for the development company’s full-service and lifestyle hospitality projects across the Americas, and will oversee management and operations for both acquired and new developments.
The eight Mississippi hotels represent the first phase of the partnership. Valor will support Bellamare’s hotel portfolio throughout the asset lifecycle, from acquisition and development through to technical services, opening, operation and long-term performance.
“Successful hospitality partnerships are built on alignment, trust and a shared vision for creating long-term asset value,” Dwayne Marshall, chief development officer - Americas, Valor Hospitality Partners, said in a statement. “Bellamare Development shares our commitment to operational excellence and thoughtful growth, making this a natural partnership. We’re proud to welcome these hotels into the Valor family, and look forward to supporting Bellamare’s continued expansion across the Americas.”
“As Bellamare continues to expand our hospitality portfolio, it is important that we align with an operating partner that shares our vision for growth while bringing the experience and infrastructure to support it at scale,” said Sunny Sethi, CEO of Bellamare Development. “Our mission of ‘transforming communities one connection at a time’ shapes not only the projects we pursue, but the relationships we build along the way. We hold ourselves and our partners to the highest standards, and Valor’s global expertise, operational strength and commitment to the guest experience make them a natural fit for where Bellamare is headed. This initial portfolio in Mississippi represents the beginning of a broader relationship, and we look forward to creating exceptional hospitality assets and long-term value together.”
Atlanta-based Valor Hospitality has a portfolio of more than 100 hotels in more than 22 countries. The Americas is one of its largest regions, with a presence in 12 US states, in addition to Trinidad and Tobago in the Caribbean.