EVT to launch new third-party brand management model.
Australian hospitality and leisure company EVT has acquired Pro-invest Hotels.
The purchase allows EVT to introduce a new third-party brand management model called EVT Connect Hospitality, which will form part of the company’s travel division to deliver management solutions to hotel owners seeking to franchise a third-party brand.
Mathew Duff will lead the new division for EVT as part of his role as Group Director of Commercial, which will be supported by Pro-invest Hotels’ existing long-term management deals under third-party brands.
The acquisition is subject to informal clearance from the ACCC and the satisfaction of certain procedural conditions.
More details in today’s issue of Travel Daily.