Management company Valor Hospitality Europe, has appointed a new finance director to its rapidly expanding team. Experienced senior hotel executive Paul Nisbett has a 20 year track record in the industry working for leading names such as Malmaison, The Hotel Collection, Hilton and Hotel du Vin.
He joins the new hospitality management company which has grown its portfolio from 11 to 20 hotels in the last nine months and doubled the number of employees to 2,500.
Paul has built up a strong reputation in the management and construction of financial services and also leads the finance community of trade association HOSPA.
His career history includes commercial and finance director at Malmaison and Hotel du Vin where he developed a six hotel, £150m business into a 28 hotel, £500m business in five years. He also worked as chief financial officer for leading four star hotel company The Hotel Collection and previously acted as the company’s chief executive officer, managing the group’s transition from Barcelo to Puma Hotels Collection.
Brian McCarthy, managing director of Valor Hospitality Europe, said: “Paul has an outstanding reputation in the hospitality sector and we’re delighted he has chosen to join us at such an exciting period of growth and business innovation.
“Having Paul’s strong financial background and industry experience at Valor will enable us to further boost the strong team we have in place and help us to achieve our ambition of doubling our portfolio in the UK and Europe over the next five years.”
Paul said of his new role: “Valor Hospitality Europe may be a young business but it is already demonstrating its strength in the market by managing 20 high profile properties under franchise from Hilton, IHG and Marriott and there are many more opportunities in the pipeline.
“I’m really looking forward to being part of the dynamic team and bringing my industry knowledge and expertise to the business so we can strive to be the best management company in the UK and Europe.”
Valor Hospitality Europe is an extension of USA based Valor Hospitality Partners, which operates properties on the East Coast of the United States and Valor’s sister company, PMR Hospitality Partners, based in Cape Town, that manages a portfolio of properties in South Africa.
Valor operates independent hotels, resorts and branded properties and enjoys a strong working relationship with many of the major brands, including IHG, Hilton, Marriott and Starwood.