Transcorp Hotels Plc says Eco Travels and Tours Limited has acquired its 100 percent stake in Transcorp Hotels Calabar Limited.
Transcorp Hotels Plc says Eco Travels and Tours Limited, an indigenous hospitality company, has acquired its 100 percent stake in Transcorp Hotels Calabar Limited.Eco Travels and Tours has a diverse portfolio including hotel management, wellness and fitness facilities, family-centric spaces, as well as interior and exterior design and decoration.
“Transcorp Hotels strategic focus is on Abuja and the significant continuing investment in the iconic Transcorp Hilton Hotel and in development opportunities in Lagos,” the company said. In its published 2023 audited financial statements, Transcorp Hotels — a subsidiary of Transnational Corporation Plc — recorded 36 percent revenue growth.With the ongoing execution of its business strategies and optimisation of new business opportunities, Transcorp Hotels said it will continue to create more value for all its stakeholders.
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