Hilton and Transcorp extend management agreement for Abuja Hotel

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Hilton and Transcorp Hotels Plc have signed a 20-year extension to the current agreement to manage the Transcorp Hilton Hotel in Abuja which will see Hilton manage the property until 2037.

The 667-room hotel – one of the largest in sub-Saharan Africa – is also currently undergoing a multi-million dollar renovation which will transform the property. The extensive refurbishment will continue the Transcorp Hotels legacy as the leading provider of hospitality in Nigeria.

Tony O. Elumelu, chairman of Transcorp Plc, the largest listed conglomerate on the Nigerian stock exchange and owners of hospitality subsidiary Transcorp Hotels confirmed: “We are delighted to continue our long-standing owner-operator relationship with Hilton. Our investment in the renovation reflects our commitment to shaping Nigeria into a leading hospitality centre in the West Africa region and with Hilton as our operating partners, we are confident that we will continue to lead in the sector.”

The hotel, a national landmark, has been operated by the group since its opening in 1987 and have hosted countless heads of state and global events like the World Economic Forum on Africa.

In addition, the Hilton and Transcorp Hotels also have two additional properties planned for development and Hilton expects to open six hotels in the next six months across Africa and open properties in 15 countries where it currently does not operate in the next three years.