Sunday, September 22, 2013

Hilton, Transcorp partner to develop 350-room hotel in Lagos

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Transnational Corporation of Nigeria Plc (Transcorp), a publicly quoted conglomerate, has announced it is developing a new premier full service 350-room hotel development in the upmarket suburb of Ikoyi in Lagos.

It is developing the worldclass hotel facility in partnership with Hilton World wide.

The  management contract between both parties have been signed.

Speaking at the signing event, , Transcorp Chairman, Tony Elumelu,  said, 'This agreement marks another milestone in our long-standing partnership with Hilton Worldwide. 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.'

The new hotel will be jointly owned by Transnational Hotels, Tourism Services Ltd, Transcorp's hospitality arm, and Heirs Holdings, the pan-African proprietary investment company also chaired by Tony Elumelu.

Heirs Holdings said in an official statement that commencement of full construction works for the proposed Transcorp Hilton Lagos hotel, which will be the Hilton Group's second hotel in Nigeria by Transcorp, will be 'early next year.'

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