Enugu government clarifies Hotel Presidential redevelopment project - News Summed Up

Enugu government clarifies Hotel Presidential redevelopment project


It offered 100 rooms on four floors with recreational facilities such as swimming pools, tennis courts and a night club. It also brought fond memories to many people that grew up in Enugu and other eastern states. These memories have quickly faded away leaving the hotel in the current decrepit state, after efforts to renovate it eventually turned out to be a false start. In the agreement with Chime administration, 80 per cent of the equity stake was allotted to E-Hospitality Services while 20 per cent was allotted to Hotel Presidential Limited. According to them, the listed enterprises automatically transferred to the Enugu State Council on Privatization andCommercialization after the law was signed.


Source: The Guardian December 04, 2017 04:30 UTC



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