| Transcorp Hotels Plc. | |
| Type: | Company |
| Location: | Maitama, Abuja, Nigeria |
| Industry: | Hospitality |
| Parent: | Transcorp |
| Subsid: | Transcorp Hilton Abuja, Aura by Transcorp Hotels |
Transcorp Hotels Plc, formerly Transnational Hospitality & Tourism Services Limited (THTSL), is the hospitality subsidiary of Transnational Corporation of Nigeria Plc (Transcorp), a conglomerate with interests in the power, hospitality, agriculture, and oil and gas sectors, headquartered in Lagos. It was listed on the Nigerian Stock Exchange in January 2015.
Transcorp Hotels has a property in Abuja;[1] [2] the Transcorp Hilton Hotel Abuja and planned properties in Lagos[3] and Port Harcourt, which is to be situate at Evo Road.[4] [5]
In 2005, the Federal Government of Nigeria privatized NIRMSCO Properties Limited – the owner of the Nicon Hilton Hotel, Abuja at the time. As part of a consortium, Transcorp plc purchased a proprietary stake in the company and became the core investor, while the federal government retained the remaining 49 per cent. Hilton International LLC was engaged to manage the property.
In 2007, the name NIRMSCO Properties Limited was changed to Transnational Hotels & Tourism Services Limited (THTSL). THTSL was the hospitality subsidiary of Transcorp.
In 2013, Transcorp bought out other consortium members and became the sole owner of the 51 per cent controlling shares in THTSL. It secured hosting rights for the World Economic Forum on Africa in 2014.
THTSL was rebranded Transcorp Hotels plc in 2014, ahead of an initial public offering in October 2014.[6] [7] [8]
In July 2021, Transcorp Hotels plc launched Aura by Transcorp Hotels, an online platform for booking accommodation, including hotels and apartments, as well as experiences.[9]