Why Ibadan Popular Hotel, Premier Was Shut Down- GMD

Premier Hotel, Ibadan has reportedly shut down with the staff laid off.

Blaze Newz gathered that the hotel, owned by Western Hotels Limited, a subsidiary of Odu’a Invest- ments Limited, stopped operations since Wednesday, December 28, 2022.

According to the Nigerian Tribune confirmed on Tuesday that the Mokola Hill premises of the hotel was deserted, safe for private security guards, who directed visitors away from the premises, saying the hotel had been shut down.

Read Also: Naira Weakens At Black Market As Dollar Appreciate

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

The GMD said further, “In line with our plans to make our hotels world class, we are renovating Premier Hotel and upgrading its fa- cilities 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.”

Read Also: Oyetola Has A Watertight Case- APC Tells Osun PDP

Raji explained that the decision to temporarily shut down the hotel, remodel and rebrand it was taken in the best interest of the region and its people.

He added that the group was working with an inter- nationally renowned partner to improve the hotel’s services and reputation.

Read Also: Google Unveils Portal For Nigeria’s 2023 Elections

While debunking the insinuation that the hotel had been sold, Raji said the arrangement, being worked out with the partner, will ensure the retention of ‘Premier’ in the name.

He however declined to mention the partner for strategic reasons, the GMD assured that all stakeholders will be happy with the choice when eventually unveiled.

Read Also: 2023 Elections:Allow People Choose Their Leaders-Adeleke urges Police

He noted that all the owner state governors were aware of the decision and had given it their blessing.