(Berlin, Germany – 03 March 2013) Four pre-eminent consultants to the hotel industry in Africa have joined forces to launch Hotel Partners Africa (HPA), a new consultancy offering a comprehensive range of services to hotel owners, operators and investors, from initial feasibility to sale and exit.
The consultants are: W Hospitality Group, an award-winning hospitality consultancy based in West Africa, which has advised on over 3,000 projects, Leisure Property Services, a leader in hospitality valuations and transactions, whose founder has been instumental in over €30 billion of hotel transactions and has written an acclaimed book on hotel valuation, Hotel Spec, a South Africa-based hospitality development manager and procurement agent with over 20 years’ experience bringing new developments to completion and Vernon Page, a global expert with a 15 year track record in asset management and the procurement of finance for hospitality projects.
Hotel Partners Africa offers unparalleled advice and a seamless service throughout the lifecycle of a hotel venture in Africa, covering feasibility & market studies, sourcing funding & finance, development management, procurement, asset management and sales.
The founders bring a potent set of credentials and collectively have: won Ai Tourism Investment Advisor of the Year (2008 and 2011), produced myriad reports on the prospects of hospitality investments in Africa, arranged finance for dozens of hospitality projects, advised on every aspect of hotel design, development and operation, advised on every aspect of hotel ownership, and valued and sold numerous properties.
The combined client list includes many of the biggest names in the hospitality industry in Africa: Auspex Properties, Barclays, Beneficial Life, Crowne Plaza, DEG, Kingdom Hotel Investments, Hilton, HSBC, IDC, IFC, InterContinental, Marriott, NAMA, Park Plaza, Premier Inn, Opulent, Radisson, Royal Bank of Scotland, Sonarwa IG, Starwood and Standard Life amongst others
This collaboration has been a natural evolution of the founding partners, Trevor Ward, Mark Martinovic, David Harper and Vernon Page, who have often worked together on different aspects of a client’s business and have observed an increasing appetite for a complete turn-key solution.
HPA, Director, Vernon Page said: “Africa has conspicuously lacked an integrated complete-solutions provider with the credentials to provide a seamless and professional advisory service throughout the lifecycle of a hotel project. By creating this ‘one-stop shop’, Hotel Partners Africa is filling that gap in the market. Our aim is to build long-standing relationships with major players, particularly the hotel chains, developers, fund managers, contractors and property owners and to provide them with a comprehensive and highly proactive service.”
Vernon Page, CEO, has over 15 years’ experience in funding hospitality developments.
David Harper, Head of Property Services, has over 15 years’ experience in the property industry and has been instrumental in over €30 billion of hotel transactions. He is the author of the only comprehensive book on hotel valuation, “Valuation of Hotels for Investors” and provides advice to the Royal Institute of Chartered Surveyors (RICS) on how hotel valuations should be carried out.
Trevor Ward, Head of Consultancy Services, is the leading authority on hotel development in Africa, with over 20 years’ experience. He has advised on over 3,000 prospective schemes on the continent.
Mark Martinovic, Head of Design & Construction, has helped build many hotels in over 20 years of development work in Africa. He has an unrivalled record of helping developments to complete on time and on budget