Ikeja Hotel Plc was incorporated as Properties Development Limited (PDL) on November 18, 1972 with a view to providing world-class hotel and catering services to meet the needs of an ever-increasing number of local and international business and leisure travellers entering the city of Lagos. The Company’s name was later changed to Ikeja Hotel Limited in October 1980. It became a public company in 1983, and assumed its present name on February 5, 1991.
The principal business of Ikeja Hotel Plc is the provision of services in the hospitality industry, including the development of other tourist facilities. It has continually expanded its participation in Nigeria’s hospitality industry through the development and acquisition of hotel and tourist facilities. Today, Ikeja Hotel boasts of direct or indirect ownership and control of three of Nigeria’s leading five-star hotels, namely, Sheraton Lagos Hotel, Sheraton Abuja Hotel, and Federal Palace Hotels & Casino.
Sheraton Lagos Hotel
The dream of establishing Sheraton Lagos Hotel was conceived in 1970. The dream became a reality with the completion and opening of Sheraton Lagos Hotel in September 1985. Sheraton Lagos has 340 guest rooms and an impressive array of conferencing and recreational facilities, making it one of the largest hotels in Nigeria.
In a bid to maintain its leadership of the hotel subsector of Nigeria’s hospitality industry, Ikeja Hotel extended its operations to the Federal Capital City, Abuja in 2002 through the acquisition of controlling interest in Capital Hotels Plc, the owning company of Sheraton Abuja Hotel. The acquisition was made through its subsidiary, Hans-Gremlin Nigeria Limited. Sheraton Abuja has 575 rooms, facilities for conferences, restaurants and recreational facilities.
Federal Palace Hotel & Casino
The Tourist Company of Nigeria Plc (TCN) is the owning company of Federal Palace Hotels & Casino (Federal Palace) which is located in Victoria Island, Lagos. Ikeja Hotel Plc in association with other investors (Ikeja Hotel Group) acquired TCN from the Federal Government in 1992. In 2009 and 2010 Sun International Limited acquired substantial shares in TCN. Following the acquisition, a comprehensive and phased refurbishment of Federal Palace was embarked upon. The refurbished wing re-opened for business in July 2008. It has a modern casino, restaurant, meeting rooms, conference centre and recreational facilities.