Odu'a GMD, Adewale Raji Reacts As Sale Rumour Trails Premier Hotel Ibadan

Group Managing Director of Odu’a Investments Limited, Mr Adewale Raji, has come out to clear on the rumour making the rounds about Premier Hotel, Ibadan.

The hotel, owned by Western Hotels Limited, a subsidiary of Odu’a Investments Limited, is said to have been shut down since December 2022, according to Nigerian Tribune's findings.

While another report has it that the hotel may have been sold to the owner of Golden Tulip Hotel, Jericho, Ibadan. The report further revealed that Odu'a retained only 25%.

Adewale Raji has however debunked the claims. Saying the arrangement, as being worked out with the partner, will ensure the retention of ‘Premier’ in the name. That the hotel was shut down temporarily for renovations and its facilities upgraded.

He said: "In line with our plans to make our hotels world class, we are renovating Premier Hotel and upgrading its facilities to make it a five-star hotel, in collaboration with a global brand chosen by the board with the help of KPMG and approval of the shareholders.

“We want to increase the number of rooms we have, and increase the capacity of the halls. We are conscious of health and safety of the people, so we had to disengage the employees. We had to pay all of them off.”

Speaking further, Raji explained that the decision to temporarily shut down the hotel, remodel and rebrand it was taken in the best interest of the region and its people.

He added that the group was working with an internationally renowned partner to improve the hotel’s services and reputation.

Raji however declined to mention the partner for strategic reasons. But assured that all stakeholders will be happy with the choice when eventually unveiled.

He noted that all the owner state governors were aware of the decision and had given it their blessing.

Premier Hotel, one of the oldest hotels in Nigeria, had been battling with declining patronage as a result of ageing structures and outdated facilities. This prompted the board and management to seek international brands to salvage the hotel and shore up its fortunes.

Source: nigeriantribune

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