One stop hotel management shop to own new space in hospitality
Pro-Invest Group has teamed up with Next Story Group to create a new hotel management company, giving it a portfolio of seven hotel brands to kickstart its new life.
The new Vista Hospitality Group will offer services such as development planning and asset management, franchising and revenue generation modelling in addition to day-to-day hotel operations tailored specifically for hotel owners and partners.
The new company will have a combined portfolio including Next, Ink, Sage and Country Comfort hotels, plus Sebel, voco and Hotel Indigo brands.
Founder, chairman and chief executive of Pro-invest Group, Ronald Barrott, said more than 1500 rooms will be in operation when Vista Hospitality is launched. They also have a five-year target to grow the company’s footprint to 5000 rooms.
“Pro-invest Group’s investment in this region means we’re strategically well-placed to bring this exciting partnership to fruition with Next Story Group to own a new space in the market,” he said.
Tony Ryan, hotel sector veteran will chair Vista Hospitality.
“Vista Hospitality Group comes to the market with our combined dynamic portfolio of brands that range from mid-market to luxury, [and] also the versatility to work with existing global hotel brands in a white-label approach not yet offered in our sector,” Chairman of Next Story Group, Patrick Imbardelli said.
Irit Jackson, 30th March 2022
