Odu’a Investment Company Limited (OICL), owners of Premier Hotel, Ibadan, hereby notify our stakeholders and the general public that in pursuit of excellence and commitment to reposition the Hotel, the Company has entered into a joint venture agreement with a seasoned international Hotel development and management company with the requisite expertise, technical and financial capacity for redeveloping and revamping the Hotel.
Head, branding and communication, Odu’a Investment Company Limited, Victor Ayetoro disclosed this to REPORTERS AT LARGE in his office at Cocoa House in Ibadan.
According to him, “As a result, Premier Hotel will be shut down immediately to provide a safe environment for the commencement, execution, and timely completion of the project.
Ayetoro continued, “The hotel redevelopment project will entail remodelling, renovating, and upgrading the existing structure and adding new modern facilities befitting a 5-star world-class Hotel. This will occur in phases with anticipation that the first phase will be completed within 24 months.
Victor further said, ‘’New Premier Hotel’’, when completed, will transit into additional upgraded rooms equipped with international standard conferencing facilities, modern recreation and fitness centres, multiple restaurants serving African and Continental cuisines, etc.
“We have sought all necessary statutory and regulatory approvals from all relevant agencies.
“Finally, all obligations of the Hotel are being fulfilled, and appropriate stakeholders in this respect are fully engaged in line with best practices,” Ayetoro said.
