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Transcorp to open hotel in Port Harcourt

By on October 17, 2014

Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation of Nigeria Plc yesterday announced the signing of an agreement with Hilton Worldwide to develop a 250 guestroom Hilton Hotels & Resorts-branded property in Port Harco​urt.
A statement explained that the Transcorp Hilton Port Harcourt would be situated at Evo Road in the city and would be a full-service, upscale hotel featuring almost 1,400sqm of state-of-the art conference facilities and meeting rooms, alongside stylish and creative leisure facilities including six restaurants and bars, a gym, spa, pools, and tennis and squash courts, all targeting Nigeria’s burgeoning middle class.
“This is the third partnership between Transcorp Hotels Plc and Hilton Worldwide, which is creating a portfolio of world-class hotels in the country, including the award-winning Transcorp Hilton Abuja – named Nigeria’s leading hotel – along with the Transcorp Hilton Lagos, which is expected to open in 2017,” it added.
The announcement comes on the heels of Trancorp Hotels’ initial public offer (IPO) to raise N8 billion to partly finance the development of the new hotel projects in Lagos and Port Harcourt. The offer closes on October 17, 2014.
Senior Vice President, Development, Europe & Africa for Hilton Worldwide, Patrick Fitzgibbon said: “We are delighted to once again be partnering with Transcorp Hotels Plc and further cementing our long-standing relationship to introduce our famous Hilton Hotels & Resorts brand to Port Harcourt.
“In 2014 the country became the largest economy in Africa, and this fast paced growth is expected to continue for the coming years. This announcement further strengthens our growing hotel portfolio in the country – within which our core brand Hilton is at the forefront.”
On his part, the Managing Director/CEO of Transcorp Hotels Plc, Valentine Ozigbo said: “We are excited to have achieved such a significant milestone in our hospitality expansion plan. It fully underscores our commitment to excellence​ and​ quality, and ​positions us​to deliver superior returns to our stakeholders.
“Our long-standing relationship with Hilton Worldwide has been and remains very strategic ​in ensuring that our hotels are or will be market leaders, providing world-class guest experiences and hospitality to suit a diverse clientele base in Abuja, Lagos and Port-Harcourt.”

 

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