Ikeja Hotel PLC
NNSENG:IKEJAHOTEL45.00
NGN
0.00
(0.00%)
ISIN
NGIKEJAHOTL7
Return %
Stock
S&P 500
1Y
136.84
13.14
3Y
1,204.35
80.78
5Y
5,560.38
67.74
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Theophilus Eniola Netufo
- Sector
- Consumer services
- Industry
- Hotels/Resorts/Cruise lines
- Address
- Ikeja Nigeria
- IPO Date
- Sep 6, 2007
- Website
- ikejahotelplc.com
- Similar Companies
- Business
- Ikeja Hotel PLC is a Nigeria-based hospitality and property investment company engaged in the development, ownership, and operation of luxury hotel properties, convention venues, and leisure facilities. Founded in 1972 and headquartered in Ikeja, Lagos, Nigeria, the company serves international and domestic business travelers, corporate clients, conference delegates, and leisure guests across key commercial hubs in Nigeria. The company's core asset portfolio includes the flagship Sheraton Lagos Hotel, operated under brand management affiliation with Marriott International, alongside significant equity holdings in The Tourist Company of Nigeria Plc, which owns and operates the Federal Palace Hotel & Casino in Victoria Island, Lagos, and Capital Hotels Plc, owner of the Abuja Continental Hotel, held through subsidiary Hans Gremlin Nigeria Limited. Ikeja Hotel PLC provides a comprehensive range of hospitality products and guest services, which includes luxury accommodation across standard guest rooms, club-level accommodations, and executive suites; food and beverage operations comprising international buffet restaurants, specialty Italian dining, pool terraces, cocktail bars, and lounge venues; meeting, banquet, and event solutions featuring multi-functional conference halls, executive meeting rooms, ballroom spaces, and full-service event catering; recreational and wellness facilities, such as outdoor swimming pools, 24-hour fitness centers, lawn tennis courts, and leisure grounds; business and guest support services, including round-the-clock room service, business center facilities, concierge assistance, laundry and dry cleaning, secure parking, airport shuttle transportation, and commercial space leasing. In recent corporate developments, the company has undertaken extensive phased renovation programs across its hotel rooms, event facilities, and public spaces to modernize its hospitality assets and enhance guest experiences. The company has also implemented key operational efficiency and sustainability initiatives, including the commissioning of gas-powered power generation infrastructure to mitigate utility expenses and improve energy reliability. Furthermore, HGL Real Estate Limited, an affiliate of Honeywell Group, acquired a strategic 14.12 percent equity stake in Ikeja Hotel PLC, accompanied by board-level representation, while the company formally resolved to cancel a previously planned rights issue and bonus share distribution in favor of utilizing internally generated cash flows to fund ongoing operations and asset upgrades.