- Transcorp Hotels Plc has issued a press release saying it has completed tranches 1 and 2 of its N30bn bond issuance programme.
- The fund is intended to be used to fund the upgrade of Transcorp Hilton Abuja and the development of a multipurpose banquet centre.
- According to a statement by the company, work is also going on the Transcorp Hilton Ikoyi and it is expected to be completed by May ending this year.
- The statement said, “Transcorp Hilton Port Harcourt has got the necessary planning approvals from the Rivers State Government and we are currently revising our design to optimise the use of the expanded site
- “Transcorp Hilton Abuja will be upgrading 670 rooms in the next 18 months. The current focus is on the installation of new elevators and procurement of fittings for guest and meeting rooms. In addition, external work on the construction of a new access way, warehouse and car park has commenced.”
- Source: Punch
