Mr. Jim Ovia
THISDAY SPECIAL RELEASE
Quantum Capital, chaired by the former Managing Director of Zenith Bank Plc, Mr. Jim Ovia, has concluded arrangements to bring the prestigious Marriott Hotels brand to Nigeria.
Announcing the plan at an agreement signing ceremony held at the Civic Centre, Lagos Thursday, Ovia said the planned five-star hotel to be located on the Ozumba Mbadiwe waterfront boasts 150 star rooms.
“We are proud to have the opportunity to partner with a world-class brand like Marriott,” Ovia said, pointing out that the Nigerian economy continues to be an attractive destination for Foreign Direct Investment (FDI), particularly with the boom in the telecoms industry and the attractiveness of the banking sector.
Giving insight into the plan, Ovia said: “We identified a gap in the marketplace within the hospitality industry to support the burgeoning sectors. Nigeria is well known for its hospitality and Lagos as a mega-city, deserves a world class facility to complement its status.”
According to Ovia, the Lagos Marriott Hotel is expected to be launched in 2014 and will boast all the facilities and luxury associated with an international market leader like Marriott.
Marriott, which began operations in Africa in 1982 with the Cairo Marriott Hotel, has a regional presence consisting of nine properties in three countries offering 3,941 rooms.
Also speaking at the ceremony, the President, Africa & the Middle East of Marriot, Alex Kyriakidis, said the arrival of Marriot in Lagos marks a tremendous milestone in the hospitality business in Nigeria, adding that the hotel will be an iconic one that will, with superior services, render competition irrelevant.
He said that the “world class brand was happy to be associated with a man like Jim Ovia who has a track record of delivery on quality, citing Visafone and Zenith Bank, which Ovia successfully pioneered to enviable heights”.