Transcorp Hilton Hotel, popular in Abuja and managed by Hilton Group and Transcorp Plc. has announced it will open an hotel, in Lagos. At a management contract between Transcorp Plc and Hilton Group in Lagos, the organizations, it was disclosed that the facility will be a full service 350-room hotel to be located on Glover Road, Ikoyi, and would be jointly owned by Transnational Hotels and Tourism Services Limited (THTSL), Transcorp’s hospitality arm, and Heirs Holdings.
Construction work for the new hotel, according to the company, will start in 2014 and the hotel would have full conference facilities, meeting rooms, gym and spa, and a swimming pool in an iconic design that will certainly add verve to the Lagos landscape.
Chief Executive Officer of Transcorp, Tony Elumelu, said, “This agreement marks another milestone in our long-standing partnership with Hilton Worldwide. The Ikoyi development, along with the extensive refurbishment and upgrade of our existing hotels in Calabar and Abuja, demonstrates Heirs Holdings’ commitment to driving growth in real estate and hospitality, a strategic sector for Nigeria’s economic development.”
“The new Transcorp Hilton Lagos will not only present an additional world-class venue for the increasing numbers of investors, businessmen and tourists to Nigeria, but is creating much-needed jobs for our citizens, enabling their social and economic development.”
“It is going to employ a lot of people. It is going to help position Nigeria further as an investment destination which is good for the country and for everyone. It further helps to demonstrate that if you have a Nigerian group that is partnering an international brand like Hilton and you are growing the partnership, then for others who would like to invest in Africa, then you have in Africa and in Nigeria, willing investors and partners that can co-invest with you.”
“So Africapitalism, is a commitment and call on the private sector to invest in key sectors that have the capability to transform the African economy and in the process help to create economic prosperity and wealth. By investing, we are demonstrating confidence in the African economy.”
