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On Thursday, Transcorp Motels Plc introduced that it has bought Eco Travels and Excursions Ltd., an indigenous hospitality enterprise, its entire stake in Transcorp Motels Calabar Ltd.
The Transnational Company’s Firm Secretary, Mr. Stanley Chikwendu, revealed this in a discover to the Nigerian Change Ltd. (NGX) in Lagos.
Chikwendu states that Transcorp Motels’ strategic priorities are improvement potential in Lagos and Abuja, in addition to the corporate’s substantial ongoing funding within the venerable Transcorp Hilton Lodge.
He identified that Eco Travels & Excursions affords a variety of companies, corresponding to resort administration, family-friendly venues, wellness and health facilities, and inside and exterior design and décor.
The corporate secretary stated, within the agency’s revealed 2023 audited monetary statements, the corporate recorded 36 per cent income development.
With the continuing execution of its enterprise methods and optimisation of latest enterprise alternatives, he famous that the hospitality subsidiary would proceed to ship even better worth to all its stakeholders.
Transcorp Motels Plc is the hospitality subsidiary of Transnational Company Plc (Transcorp Group), one in every of Nigeria’s largest conglomerates.
The hospitality subsidiary is constantly reshaping the hospitality panorama in Africa, aligning with its mission to guide within the trade and contribute to Nigeria’s development whereas positively impacting lives.
Notably, in 2023, the corporate’s shares concluded the 12 months because the top-performing inventory on the NGX. #Transcorp Motels Sells Calabar Subsidiary to Eco Travels & Excursions.
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