October 11, 2022 9:16 AM
According to the statement, Nipco acquired Sheraton Hotel to drive its mission for diversification into the hospitality industry.It said the new investors are desirous of restoring the hotel to its former glory of being the “first-choice luxury hotel in Abuja”. “However, despite the hotel’s poor condition and non-compliance with its brand standards, Marriot/Starwood has continued to manage the Sheraton Abuja Hotel, which is currently in a dilapidated and deplorable state.”Nipco added that the new investors are determined to turn around the fortunes of the hotel through the injection of substantial new capital under certain preconditions.
It noted that the proposed establishment is aimed at training Nigerian youths in various hospitality skillsets.