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Premier Hotel: ‘Staff entitlement amicably settled before shut down’

By Seye Olumide, Ibadan
20 January 2023   |   4:17 am
O'dua Investment Company, owners of Premier Hotel, Ibadan, Oyo State, yesterday said all worker-related entitlements and outstanding payments were settled amicably before the hotel was shut down for rehabilitation. The management, contrary to reports, said the old facility closed shop for upgrading purposes. According to a senior manager in the company, who did not want…

O’dua Investment Company, owners of Premier Hotel, Ibadan, Oyo State, yesterday said all worker-related entitlements and outstanding payments were settled amicably before the hotel was shut down for rehabilitation.

The management, contrary to reports, said the old facility closed shop for upgrading purposes.

According to a senior manager in the company, who did not want to be mentioned, “There was an amicable settlement between the management and the staff, where issues of their entitlements were resolved. That is one of the reasons you do not hear or see any demonstration or reaction.”

He disclosed that the affected workers were also given the condition to reapply after the remodelling of the hotel, provided they must have improved themselves to meet international standards.”

The Guardian also learnt that the remodelling is a multi-billion naira project that will span for about 24 months, while the same remodelling/upgrading will take place at the Lagos Airport Hotel, a sister hospitality company to Premier Hotel.

According to findings, room occupancy will now be upgraded from 89 to about 200.

Recall that the company’s Head, Branding and Communication, Victor Aiyetoro, in a press statement on Wednesday said, “Odu’a Investment Company Limited (OICL), owners of Premier Hotel, Ibadan hereby notify our stakeholders and the general public that in pursuit of excellence and commitment to reposition the hotel, has entered into a joint venture agreement with a seasoned international Hotel development and management company with the requisite expertise, technical and financial capacity for redeveloping and revamping the Premier Hotel.

The statement reads: “As a result, Premier Hotel will be shut down immediately to have a safe environment for the commencement, execution, and timely completion of the project.

“The hotel redevelopment project will entail remodelling, renovating, and upgrading the existing structure, as well as introducing new and modern facilities befitting of a 5-Star world class hotel. This will take place in phases with anticipation that the first phase will be completed within 24 months.”

The statement further reads that the new Premier Hotel, when completed will transit into additional upgraded rooms, equipped with international standard conferencing facilities, modern recreation and fitness centres, multiple restaurants serving African and Continental cuisines among others.

“We have sought all necessary statutory and regulatory approvals from all relevant agencies.

“All obligations of the hotel are being fulfilled and appropriate stakeholders in this respect are fully engaged in line with best practice,” the statement read in part.