Ikeja Hotel Says Sheraton Land Not Under Threat

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Ikeja Hotel Plc Owner Of Sheraton Lagos

Ikeja Hotel Plc has said that its Lagos Sheraton land is not under the threat of revocation. According to a regulatory filing at the Nigerian Stock Exchange, the firm explained that its earlier statement of land revocation threat was misinterpreted.

In a statement titled ‘Lagos Sheraton land not revoked’ and dated November, Ikeja Hotels said that its land which was being threatened was in Opebi Gorge and not Sheraton Lagos Hotel.

The statement read, “It has come to our notice that our statement to the Nigeria Stock Exchange in our bid to provide the market with full information on the developments in our group was misconstrued and misinterpreted by some sections of the press.

“Please note that our press release on November 3, 2020 to the exchange is to disclose that the land in Opebi Gorge belonging to Charles Hampton Limited which is a subsidiary of Ikeja Hotel Plc, is the land in question. “The Notice of Revocation from the Lagos State Government on the said land in Opebi Gorge has nothing to do with Sheraton Lagos Hotel nor the land on which the hotel is situated.”

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