
Hilton Worldwide has signed a management agreement with transcorp to develop a new hotel in Ikoyi, Lagos state. This development follows the success of the first Hilton/Transcorp project, the Transcorp Hilton Abuja. Construction is expected to begin in early 2014. Facilities will include conference and meetins space, a gym and spa, and a swimming pool."The new Transcorp Hilton Lagos will not only present an additional world-class venue for the increasing numbers of investors, businessmen and tourists to Nigeria, but is creating much-needed jobs for our citizens, enabling their social and economic development", says Tony Elumelu, Chair of Heirs Holdings, the African investment firm which will jointly own the property.