Development: Transcorp Hilton Hotel, Ikoyi – Lagos – Real Estate Market Data and Research for Nigeria and other African Countries | estate intel

Development: Transcorp Hilton Hotel, Ikoyi – Lagos

Transcorp Hilton, Lagos in Ikoyi

The Transcorp Hilton, Lagos will be a 300 room hotel located on Glover Road in Ikoyi, opposite Lagos Prep School. This hotel was originally announced in late 2013 and will be jointly owned by Transcorp Hotels Plc and Heirs Holdings. On completion, the hotel will offer conference facilities, meeting rooms, gym, spa, swimming pool and an iconic design which Transcorp argues will ‘add verve to the Lagos landscape‘.

The development board for the project went up on the 17th of September and light site clearing and piling have begun, however construction is yet start. It will be the Hilton Group’s second hotel in Nigeria by Transcorp, following the long-standing Transcorp Hilton Hotel Abuja which is expected to undergo a N9.2 billion renovation over the next three years. Transcorp also own an independently managed 146-room hotel in Calabar, Cross River State.

Transcorp Hotel’s $48.8m IPO which was concluded late last year will partly fund this new hotel as well as a planned 250 guestroom Hilton Hotels & Resorts-branded property in Port Harcourt. The Transcorp Hilton Lagos is expected to cost US$110 million.

 

Transcorp Hilton, Lagos - Ikoyi

Transcorp Hilton, Lagos – Ikoyi

Transcorp Hilton Lagos, Ikoyi.

Transcorp Hilton Lagos, Ikoyi.

Transcorp Hilton Lagos, Ikoyi.

Transcorp Hilton Lagos, Ikoyi.

  • Fola

    Nice one! I wish there were videos of these construction sites. Something for those of us not in Nigeria

    • Dolapo Omidire

      Hi Fola! Thanks for the comment. I’ll update the article with photos of the construction site and development board shortly.

      • Fola

        Thank you for the update. I visit this site daily to see new projects happening in Nigeria. Keep up the good work!!

        • Thanks Fola! I appreciate that. Keep coming back. 🙂

  • Mohamed

    good !! who are the MEP contractor and consultant ?

    • Hi Mohammed. The lead consultant is Shapoorji Pallonji Engineering and Construction. The Mechanical Engineers are Consem associates and Arup. Electrical Engineers are Elens Konsult and Arup.

  • Abidemi

    Has work really started on this site because i’m not certain a main contractor has been chosen for this project

    • Hello Abidemi, you’re right, a main contractor has been not been selected yet. Not much has happened on site either, just site clearing and initial piling works. We just updated the post to reflect this. Thanks for the comment. Don’t forget to sign up to the newsletter for new updates.