Premier Hotel shut down, set for five-star status

Premier Hotel Ibadan, has been shut down and presently undergoing some renovation works.

According to reports by Nigerian Tribune, the hotel, owned by Western Hotels Limited, a subsidiary of Odu’a Investments Limited, has been shut down since Wednesday, December 28, 2022.

Group Managing Director of Odu’a Investments Limited, Adewale Raji, who confirmed the development, said the hotel was shut down temporarily so that it could be renovated and its facilities upgraded.

“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,” Raji told Nigerian Tribune.

WesternPost however gathered that the hotel might have been sold to the owners of Golden Tulip, Jericho GRA, with Odu’a Investments Limited retaining 25 per cent of the shares.

Raji said the arrangement, being worked out with the partner, will ensure the retention of ‘Premier’ in the name.