• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Four Point by Sheraton has a new investor

Fikayo Owoeye by Fikayo Owoeye
November 2, 2018
in Business News, Company News
Four point by Sheraton has a new investor
Share on FacebookShare on TwitterShare on Linkedin

Asset & Resource Management (ARM), Nigeria’s leading asset management and investment firm has announced the successful exit from Oceanwinds Hospitality Limited (OHL), owner of Four Points By Sheraton Lagos Hotel, Oniru, Victoria Island Extension, Lagos.

ARM’s sale of OHL to Westmont International Development Inc., a Canadian based investment firm, is in furtherance of the strategy for its hospitality and retail business, which invests in opportunities within the high growth hospitality and retail sectors in Africa

According to Sade Huges Managing Director, ARM Hospitality & Retail noted that ARM’s exit culminates the full cycle of its investment process further reinforces the company’s belief in the potentials of Africa’s hospitality segment.

RelatedStories

Top 10 hotel brands with the highest hotel developments in Africa 2025 

Top 10 hotel brands with the highest hotel developments in Africa 2025 

April 17, 2025
Marriott Hotels set to open two hotels in Lagos & Akwa Ibom

Marriott Hotels set to open two hotels in Lagos & Akwa Ibom

November 5, 2021

“We are pleased to have been a part of this laudable investment in the first Four Points by Sheraton hotel in Africa. Our exit culminates the full cycle of our investment process, and further reinforces our belief in the potentials of Africa’s hospitality segment.”

ARM’s previous investment in the Hospitality sector includes its investment in the Moorhouse Sofitel Hotel in Ikoyi, Lagos (now Hotel Moorhouse M Gallery by Sofitel), which it exited in 2004; and the Oluwole Urban Mall, Lagos, exited in 2012.

ARM initiated and managed the development of the hotel which began operations in 2010, following which ARM provided asset management services which has seen the hotel’s Revenue Generation Index (RGI) consistently rank among the top two in its competitive set.

Investors are scrambling for space in Nigeria’s Hospitality Sector

Hilton Worldwide Holdings Inc., operators of the popular and luxury global hospitality group Hilton Hotels, recently opened a new hotel at the Murtala Muhammed International Airport (MMIA), named Legend Lagos Airport Hotel. The new hotel is Hilton’s first presence in Lagos and the second in the whole of Nigeria. Hilton Group also has plans to open many more hotels across Africa, specifically in places like Ghana, Uganda, and Malawi.

Hilton is not the only investor that is steadily positioning its presence in Nigerian and other African countries. According to Reuters, such hotel brands such as Marriott International, Hyatt Hotels and Radisson Hospitality have been clamouring for space in countries like Nigeria where the middle class keeps rising. Radisson’s Senior Vice President, Mr. Andrew McLachlan, recently disclosed ongoing plans to establish about ten new hotels across the continent

 


Follow us for Breaking News and Market Intelligence.
Tags: Four Points By SheratonOceanwinds Hospitality Limited (OHL)Sade HugesWestmont International Development Inc
Fikayo Owoeye

Fikayo Owoeye

Fikayo has a degree in computer science with economics from Obafemi Awolowo University. ITIL v3 in IT service management. An alumnus of Daystar Leadership Academy. Prior to joining Nairametrics had stinct in Project management, Telecommunications among others. Also training in Consulting and Investment banking from Edubridge Academy. He has very keen interest in Politics, Agri-business, private equity and global economics. He loves travelling and watching football. You can contact him via fikayo.owoeye@nairametrics.com

Related Posts

Top 10 hotel brands with the highest hotel developments in Africa 2025 
Hospitality & Travel

Top 10 hotel brands with the highest hotel developments in Africa 2025 

April 17, 2025
Marriott Hotels set to open two hotels in Lagos & Akwa Ibom
Lifestyle

Marriott Hotels set to open two hotels in Lagos & Akwa Ibom

November 5, 2021
Four Points by Sheraton
Business News

Actis and Westmont acquire Four Points by Sheraton

November 13, 2018
Next Post
Jimi Agbaje

Meet Haleemat Busari, First Bank Director who's Jimi Agbaje's running mate

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • CBN Forbearance hits FUGAZ stocks—except GTCO
  • EFCC arraigns Oil Magnate over alleged N750 million bank fraud in Port Harcourt 
  • FIRS extends tax office operations to weekends in June 2025 

Follow us on social media:

Recent News

GTCO to write off Aiteo loan and switch to aggressive recovery plan

CBN Forbearance hits FUGAZ stocks—except GTCO

June 17, 2025
EFCC: Achimugu’s case unrelated to Atiku, Sanwo-Olu, agency says

EFCC arraigns Oil Magnate over alleged N750 million bank fraud in Port Harcourt 

June 17, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics