A portfolio of 17 UK hotels, managed by Valor Hospitality Partners, has transitioned to ownership by ProsperCap Corporation Limited (formally known as 3Cnergy) which is a publicly held company listed on the Singapore Exchange. The hotels were previously owned by Thai-based DTP Inter Holdings Corporation, a subsidiary of DTGO Corporation Limited, which holds a controlling stake in ProsperCap.

The public ownership of the portfolio represents a key stage in DTGO’s strategic plan to accelerate the growth of the portfolio under the direction of the newly formed ProsperCap board. Valor Hospitality has played a critical role in the development and management of the portfolio to date and will continue to provide operating and strategic services to assist ProsperCap’s planned expansion internationally.

DTGO acquired the portfolio of Hilton, Marriott and IHG franchised hotels in December 2019, partnering with Valor to manage the properties following a successful six-year period when Valor had previously managed the properties under the former ownership. The Covid-19 pandemic followed soon after DTGO’s acquisition, creating widespread challenges across the industry. However, working in close collaboration, Valor and DTGO were able to successfully navigate this period, ensuring the continued employment of all personnel, and resulting in a rapid recovery once restrictions around travel and socializing were lifted.

During this period, Valor delivered strong trading performance for the portfolio while also completing several complex renovation projects across the portfolio. In 2023, Valor also commenced a major refurbishment process for the portfolio’s Hilton branded hotels, with work set to continue throughout 2024.

The portfolio’s transition to public ownership follows Valor Hospitality UK being ranked in the top six best places to work in the industry in 2023, as well as securing a number of other prestigious industry accolades, including IHG’s Revenue Team of the Year. Valor’s successful stewardship of the UK portfolio through the many challenges over the past four years has helped the organization forge a strong relationship with DTGO, serving as a strong foundation for further opportunities to collaborate around the world, supporting Valor and ProsperCap’s growth plans.

This is a great strategic development, and we look forward to building the portfolio with ProsperCap. The portfolio’s transition to public ownership comes off the back of a fantastic year for Valor Hospitality, where our portfolio and the investment in our team is going from strength to strength. Brian McCarthy, president of Valor Hospitality UK & Europe
This transaction represents the strong transition of the true partnership between Valor and DTGO to one between Valor and PropserCap; a testament to the unwavering performance of our people on the ground to deliver exceptional service for excellent customer experience whilst achieving strong commercial results. The timing of the listing could not be better following the addition of highly respected industry veteran, Jon Colley, who serves as chief strategic growth officer for Valor UK + Europe and will grow the region’s portfolio in the coming years. As we begin this new journey with ProsperCap, we’re confident in future opportunities. We are keenly focused on our mutual growth aspirations and continuing to work with partners who are just as passionate about excellence as we are. We have built Valor into a successful global operator through key partnerships, and we are grateful to ProsperCap for their continued support. Euan McGlashan, global co-founder and CEO of Valor Hospitality
We are particularly pleased to have a new public capital partner to complement our key strategic relationships in the private equity, family office and sovereign wealth fund communities. We believe ProsperCap is uniquely positioned to pursue investments of core hospitality properties, a space which traditionally has been very underserved by public investors in the UK and Europe. Steve Cesinger, global co-founder and chief capital officer of Valor Hospitality
We are very delighted to be able to kick-off the new year with the listing of ProsperCap, and are pleased and gratified to have, as the cornerstone of our new company, the assets in the UK managed by Valor. As we embark on this new chapter as a listed company, we now look forward to leveraging the strength of the Valor-managed properties to support our long-term growth and presence as an owner and manager in the global hospitality and lodging-related market. While at the same time inculcating strong sustainability and social values in our business and investments, maximising both financial and social returns for all our stakeholders. Iqbal Jumabhoy, chief executive officer and executive director of ProsperCap

About Valor Hospitality Partners 

Valor Hospitality Partners is a leading global full-service hotel underwriting, acquisition, development, management, and asset management company. With over 95 hospitality projects in its international portfolio, Valor Hospitality offers an array of services, including site selection, product and brand selection, entitlements, financing solutions, conceptual design, construction and project management, procurement, technical services, pre-opening, and operations management. Valor also provides consulting services on a wide range of project scenarios, including working with new or existing ownership groups on reviewing site selection, assessing feasibility studies and project budgets, compiling project budgets, and underwriting. For more information, visit valorhospitality.com connect with Valor on Facebook and LinkedIn.