LONG-SERVING hotel executive Paul Nisbett has joined Valor Hospitality Europe as its new finance director.
Nisbett, who leads the finance community of trade association HOSPA, has served in senior finance roles at Malmaison and Hotel du Vin. He also served as CFO and interim CEO at The Hotel 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.”
Valor Hospitality Europe is an extension of US-based Valor Hospitality Partners, which operates properties on the US East Coast 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. It works with many major brands, including IHG, Hilton, Marriott and Starwood.