Invitation for Expression of Interest (EOI) to Lease 87 Bed Premier Hotel and 59 Bed Lafia Hotel Ibadan
Odu’a Investment Company Limited
Invitation for Expression of Interest (EOI) to Lease 87 Bed Premier Hotel and 59 Bed Lafia Hotel Ibadan
Odu’a Investment Company limited on behalf of its Subsidiary Company, Western Hotels Limited owner of Premier and Lafia Hotels Ibadan is inviting Expression of Interest for the Lease, Redevelopment, Operation and Transfer of Premier and Lafia Hotels from technically experienced and financially strong potential investors.
Odu’a requires a high caliber, empowered strategic partner with experience in the Hotel/Tourism or related business to lease, redevelop, operate and transfer Premier Hotel to a Four Star Hotel and Lafia Hotel to a 3 Star Hotel in order to enhance the Hotels in the Hotel Industry in Nigeria, making them more competitive, profit oriented with an ambience of a World Class Hotel that would attract international prominence for branding from International Hotel operators.
Premier Hotel is strategically located on a 13.1 hectare piece of land out of which about 7.808 hectare of the total land area is in effective occupation and is situated at the hill top of Mokola in Ibadan, Oyo State, South Western part of Nigeria. Ibadan is the second largest black city in Africa and largest city in West Africa. The Hotel is about 10 minutes drive away from the Central Business District and the University of Ibadan while Lafia Hotel is a 59 room Hotel strategically located in a serene environment at Apata Area of Ibadan, Interested potential investors must have the following experience and capacity:
- Successful Investment track record in the hospitality industry of at least one-4-star Hotel in Nigeria or anywhere else in the World
- Evidence of financial capability and Bank guarantee to fund the redevelopment,
The Expression of Interest must contain the following information and declarations:
- Company details: Name of Company, Country of incorporation, Registered office and branch office(s), date of incorporation and or commencement of business.
- Brief description of the Company including details of its main lines of business. The Company’s brochure which clearly demonstrates the investors capabilities.
- Details of ownership structures, Company profile which would include names, qualifications and experience of key officers, particulars of Directors.
- Annual audited Financial Reports of the last three (3) financial years.
- Current Tax Clearance Certificate of the Company and two (2) Directors.
- Past and present experience in the Hotel/Tourism Industry in Nigeria or any other country.
- Payment of a non- refundable application fee of N50,000.00 in Bank Draft in favour of Odu’a Investment Company Limited
Time Frame
- Expression of interest should be submitted within two weeks of this publication.
- Late submission of Expression of Interest would not be entertained.
- This notice shall not be construed to be commitment on the part of Odu’a Investment Company Limited nor shall It entitle any proposed investor to claim indemnity from Odu’a Investment Company Limited.
Selection Process
Parties would be shortlisted based on experience, successful track record in redevelopment and management of Hotels and financial strength.
The EOI must be addressed and submitted in a sealed envelope marked EOI/WHL/P/2014 for Premier Hotel and EOI/WHL/L/2014 for Lafia Hotel to the:
Group Managing Director
Odu’a Investment Company limited
23rd Floor, Cocoa House
Dugbe, Ibadan
For further information on the Hotel and their facilities, please visit www.premierhotelibadan.com and www.oduainvestment.com.ng
