Transnational Hotels Plc is the hospitality subsidiary of Transnational Corporation of Nigeria Plc (Transcorp), a diversified conglomerate with interests in the Power, Hospitality, Agriculture and Oil and Gas sectors. The company is focused on consolidating all hospitality businesses of the Transcorp Group and providing strategic management to drive the execution of its strategy.
Transcorp Hotels Plc aims to build Africa’s choice hospitality assets, starting from Nigeria but building a strong footprint in high population cities across the West Africa region. With an award-winning property in Abuja; the Transcorp Hilton Hotel Abuja, a destination hotel in Calabar; Transcorp Hotels Calabar, and planned properties in Lagos and Port Harcourt, Transcorp Hotels Plc continues to achieve excellence within the hospitality industry and develop strategies in the medium to long term that position the company as a key industry player on the continent.
In 2005, the Federal Government of Nigeria privatised NIRMSCO Properties Limited — the then owner of Transcorp Hilton Hotel, Abuja. As part of a consortium, Transcorp purchased a proprietary stake of the company and became the core investor, while the Federal Government retained the remaining 49 per cent.. Hilton International LLC was engaged to manage the property.
In 2007, the name NIRMSCO Properties Limited was changed to Transnational Hotels & Tourism Services Limited (THTSL). THTSL was the hospitality subsidiary of Transcorp. As part of its expansion drive, in 2011, THTSL purchased a majority stake in Transcorp Metropolitan Hotels & Conferencing Limited, the owning company for Transcorp Metropolitan Hotel Calabar, making it a subsidiary of THTSL. The hotel was rebranded Transcorp Hotels Calabar in 2012 and is today, the hotel of choice for high profile events in Cross River State.
In 2013, Transcorp bought out other consortium members and became the sole owner of the 51 per cent controlling shares in THTSL. Soon thereafter, Transcorp Hilton was named Nigeria’s leading hotel in 2013 by World Travel Awards and secured hosting rights for the World Economic Forum on Africa in 2014.
THTSL was rebranded Transcorp Hotels Plc in 2014.