ProsperCap seeks to ride UK domestic tourism recovery, upgrade hotels

HOSPITALITY specialist ProsperCap Corp is looking to ride the recovery in domestic business and leisure travel in the UK, while upgrading some properties in its portfolio of mostly upscale hotels across the country’s key cities.

“(There is) strong, continued support in local travel in both business and leisure. That’s good; it helps us because many of the hotels have a component of conference facilities,” said ProsperCap’s chief executive and hospitality veteran Iqbal Jumabhoy.

ProsperCap is a unit of Thai conglomerate DTGO Corp, and made its debut on Catalist in January via a reverse takeover (RTO) of investment holding company 3Cnergy. Its hotels operate under franchise agreements with major international brands such as IHG, Hilton and Marriott.