Transcorp Hotels plc

Transcorp Hotels Plc.
Company
Industry Hospitality
Headquarters Maitama, Abuja, Nigeria
Key people
Subsidiaries Transcorp Hilton Abuja, Transcorp Hotels Calabar

Transcorp Hotels Plc, formerly Transnational Hospitality & Tourism Services Limited (THTSL), is the hospitality subsidiary of Transnational Corporation of Nigeria Plc (Transcorp), a diversified conglomerate with interests in the power, hospitality, agriculture, and oil and gas sectors, headquartered in Lagos. It was listed on the Nigerian Stock Exchange in January 2015.[1]

With a property in Abuja;[2][3] the Transcorp Hilton Hotel Abuja, a destination hotel in Calabar; Transcorp Hotels Calabar,[4] and planned properties in Lagos and Port Harcourt,[5]

History

In 2005, the Federal Government of Nigeria privatized NIRMSCO Properties Limited – the then-owner of the Nicon Hilton Hotel, Abuja. As part of a consortium, Transcorp plc purchased a proprietary stake in the company and became the core investor, while the federal government retained the remaining 49 per cent. Hilton International LLC was engaged to manage the property.

In 2007, the name NIRMSCO Properties Limited was changed to Transnational Hotels & Tourism Services Limited (THTSL). THTSL was the hospitality subsidiary of Transcorp.

In 2013, Transcorp bought out other consortium members and became the sole owner of the 51 per cent controlling shares in THTSL. It secured hosting rights for the World Economic Forum on Africa in 2014.

THTSL was rebranded Transcorp Hotels plc in 2014, ahead of an initial public offering in October 2014.[6][7][8]

References

  1. ↑ "Transcorp Hotels plc Lists on The NSE". Nse.com.ng. 2015-01-14. Retrieved 2015-10-28.
  2. ↑ "Transcorp Hilton Abuja Honoured At World Travel Awards 2015". Naij.com. 2015-06-21. Retrieved 2015-10-28.
  3. ↑ "Transcorp Hilton Abuja Named Winner In Five Categories At World Travel Awards 2015". OnoBello.com. 2015-06-24. Retrieved 2015-10-28.
  4. ↑ Kate at Hotels.ng (2014-02-03). "Transcorp Metropolitan Hotel, Calabar . - Hotels.ng Travel Community". Hotels.ng. Retrieved 2015-10-28.
  5. ↑ "Transcorp, Hilton seal Port Harcourt hotel deal - The Nation Nigeria". Thenationonlineng.net. 2014-10-20. Retrieved 2015-10-28.
  6. ↑ Anuforo, Chinenye (2014-09-29). "Transcorp Hotels plans expansion with IPO proceeds". Sunnewsonline.com. Retrieved 2015-10-28.
  7. ↑ Powered by DMflex WebGen --- www.dmflex.com (2014-10-05). "Transcorp's IPO Targets Opportunities in Nigeria's Hospitality Business, Articles". Thisday Live. Retrieved 2015-10-28.
  8. ↑ "NSE lists Transcorp Hotel shares, as 52.3% IPO shares subscribed - Vanguard News". Vanguardngr.com. 2015-01-16. Retrieved 2015-10-28.
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