Transcorp Hotel creates new construction opportunities in Lagos

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Transcorp Hotels, one of the largest publicly quoted hospitality group in Nigeria has started constructing a 25-storey hotel property in Lagos.

The Chairman of the Group, Tony Elumelu has disclosed the plan at an interactive session hosted by the Lagos state government with the business community.

“We are planning to build a 25-storey hotel in Lagos. We will see the governor and discuss with him on how we can get their support. We want to do this project to further create jobs for the people of Lagos state,” he said.

Lagos is Nigeria’s commercial capital and West Africa’s largest economy with over 25 million people living in the city and its suburbs.

The hotel is to be situated at Glover Road, Ikoyi, a highbrow business district on the Lagos Island. When completed, the hotel will be competing with Milan Group’s Intercontinental Hotels, Radisson Blu and Eko Hotel.

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Bontle Moeng is the Founder and Managing Director of BizNis Africa. Moeng has spent 15 years working in the digital and online media industry across Africa. She applied her trade at True Love magazine prior to discovering her passion for Investment news in key sectors across Africa. Moeng previously worked for ITWeb, Starfish Mobile Technologies, ITNewsAfrica, AVATAR Agency, eNitiate, Global Interface Consulting and Havas Johannesburg. Her primary focus is to provide solid and valuable content on investment opportunities for the ICT, Energy and Mining sectors across Africa. In addition, the online news publication assists global companies to expand their presence in Africa. Email: news@biznisafrica.co.za

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