Transcorp to open hotel in Port Harcourt

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 Harcourt, River State.

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.

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.