Valor Hospitality Partners, a global full-service hospitality firm, has appointed Steve Cesinger, global cofounder/chief investment officer, to the new position of chief capital officer, and Brandon Hatfield, global principal/CFO, to the position of chief investment officer/global principal.
“With Valor’s global footprint, strong access to deal flow and proven track record of underwriting and executing hotel investments, we are extremely well-positioned to help our partners deploy capital in attractive markets worldwide,” said Cesinger. “We are leading the way in synergies across geographies, and Valor’s unique market intelligence provides our capital partners with a distinct advantage to help execute their investment strategies.”
Hatfield will focus on leading a global underwriting platform. He will also establish a team responsible for assisting Euan McGlashan, global cofounder/CEO, to strategically double the size of Valor’s portfolio around in the world in the next three to five years.
“After working the last 10 years to help build a strong global team at Valor, I look forward to building on our existing foundation and growing the Valor portfolio,” said Hatfield. “It is an honor to be trusted to drive that growth over the next five years.”
Valor Hospitality currently operates more than 90 hospitality projects in 59 cities across six countries and four continents. Today, Valor has more than 135 corporate “hotelitarians” and some 6,500 “hotelitarians” across all properties.
“This is an exciting change for us,” said McGlashan. “Coming from an M&A and private equity background, this change for Steve comes at the perfect time in his career where he can single-mindedly focus on ensuring Valor has the capital backing to grow quickly. Brandon can now lead a global team to ensure we continue to deliver a critical service to our existing and new clients in assessing assets for purchase and providing accurate and relevant underwriting that has a track record of being brought to fruition when we operate. These changes are critical to allow Valor Hospitality to focus on a strategic plan to help our team around the world deliver our own internal goals and promises to each other and our amazing ‘hotelitarians.’”