Valor Hospitality Expands Dubai Portfolio with Karmastaji Group Agreement

Valor Hospitality Partners, a renowned global leader in full-service hotel management, has entered into a strategic Hotel Management Agreement (HMA) with Dubai-based Karmastaji Group. This agreement entrusts Valor with the management of a portfolio comprising three hotels in Dubai, featuring a total of 259 keys and five distinctive outlets.

A Partnership Built on Trust

This collaboration highlights the confidence Karmastaji Group places in Valor Hospitality Partners Middle East to enhance operational efficiency and deliver maximum returns on investment. Valor’s proven expertise in hospitality management continues to empower forward-thinking developers like Karmastaji Group to transform their assets into thriving business ventures.

Julien Bergue, Co-Founder & Managing Partner for the Middle East, Africa, and Central Asia at Valor Hospitality Partners, commented: “We are proud to partner with Karmastaji Group, a forward-thinking developer with a robust pipeline of projects aimed at elevating hospitality investments and modern living standards in the UAE and GCC region. At Valor, our mission is to contribute to the UAE’s hospitality success story by delivering operational excellence and sustainable growth. Together, we aim to achieve exceptional results aligned with the visionary goals of Dubai’s tourism and hospitality sectors.”

Comprehensive Services for Long-Term Success

Valor Hospitality Partners brings a wealth of services to the table, including acquisition advisory, branding, asset management, and innovative food and beverage concepts. These capabilities ensure their partners achieve sustainable value creation and long-term success in the competitive hospitality sector.

Rashed Karmastaji, Chairman of Karmastaji Group, added: “Partnering with Valor Hospitality Partners is a strategic step in our journey to expand our portfolio and set new benchmarks in the UAE’s hospitality sector. With Valor’s proven expertise, we are confident in delivering exceptional guest experiences and achieving our current and future business objectives.”

Supporting Dubai’s Vision for Growth

As Dubai cements its position as a global tourism and hospitality hub, Valor remains steadfast in its commitment to the UAE’s and Dubai’s 2040 vision. Through partnerships with prominent developers like Karmastaji Group, Valor strengthens its reputation as a trusted partner in shaping the region’s dynamic hospitality landscape.