This was revealed, weekend, in a monthly report by financial services firm, Financial Derivatives Company (FDC), presented at the Lagos Business School’s executive breakfast meeting by Bismarck Rewane, Managing Director/Chief Executive Officer of FDC.
The hotel and leisure company intends to add between 700 to 1,000 hotel rooms in the new hotels, which will include the Four Points by Sheraton in Ikot Ekpene, Akwa Ibom State, Southern Nigeria, expected to be completed in 2015. Others are
Four Points by Sheraton in Benin City, Ikeja and Ibadan. The fifth hotel in the new investment plan will be the Le Meridien, Ikoyi.
Starwood already operates top hotels in Nigeria after entering the country with Sheraton Hotels, Ikeja. It also holds Four Points By Sheraton and Le Meridien Hotels in the West African country.
A leading global player in the hospitality industry, Starwood has 1,200 properties spread over 100 countries, with 181,400 employees working at its owned and managed properties. The hospitality company also franchises hotels, resorts and residences. It yesterday announced the signing of Four Points by Sheraton Istanbul Dudullu in a franchise agreement with Ever Group in Turkey.
The new investment in Nigeria’s hospitality industry is expected to boost the growth of the industry, which despite showing great potentials currently contributes marginally to the country’s GDP. The sector (accommodation and food services) contributed one percent to the country’s GDP in the first quarter of 2014.
No comments:
Post a Comment