IKEJA HOTEL PLC

Ikeja Hotel Plc, a prominent Nigerian hospitality company, began its journey on November 18, 1972, initially incorporated as Properties Development Limited (PDL) with a vision to deliver world-class hotel and catering services to Nigeria's growing business and leisure travelers. The company transitioned its name to Ikeja Hotel Limited in October 1980, becoming a public entity in 1983 and listing on the Nigerian Stock Exchange in the same year. It adopted its current name, Ikeja Hotel Plc, on February 5, 1991, and has since focused on the ownership, operation, and management of luxury hotel and tourist facilities, consistently expanding its footprint within the nation's hospitality sector. The core business of Ikeja Hotel Plc involves providing comprehensive hospitality services, including upscale accommodations through rooms and suites, diverse food and beverage offerings in its bars and restaurants, and extensive facilities for meetings and conferences. The company primarily serves the Nigerian market, with its key operations strategically located in Lagos and Abuja. Its portfolio includes direct ownership of the Sheraton Lagos Hotel. Furthermore, Ikeja Hotel Plc holds significant interests in major subsidiaries such as Tourist Company of Nigeria Plc (TCN), which owns the Federal Palace Hotels & Casino in Lagos, and Capital Hotels Plc, the owning company of the Sheraton Abuja Hotel, acquired through its subsidiary Hans-Gremlin Nigeria Limited.