About Jim Ovia’s Stillbirth Marriot Hotel Project


No doubt, Jim Ovia, Chairman and Founder of Zenith Bank has earned a feat in the banking industry.
But the same which he wanted to replicate in the hospitality industry seem to be a tall dream.
His ambition is to play big in the hospitality industry, thus he kickstarted in 2012, Ovia’s Quantum Luxury Properties Limited. He also entered a multi-billion naira agreement with the global hotel brand, Marriott, to have one in Nigeria to be located beside the Civic Centre, also owned by him, on the Ozumba Mbadiwe waterfront, Victoria Island, Lagos.
The proposed five-star hotel, he said, would comprise 150 star rooms with a 2014 launch date already set.  However for a man who has succeeded in many of his endeavours, Ovia’s Marriott Hotel project became a stillbirth.
Coincidentally,Taiwo Afolabi, the shipping magnate behind SIFAX Group regarded as one of Africa’s fastest growing multinational corporations with diversity in Maritime, Aviation, Haulage & Logistics, Oil & Gas, also got approval to site one in G.R.A, Ikeja, Lagos.
Few weeks ago, unlike Ovia’s project which could not be birthed, Afolabi’s 250-room Marriott Hotel financed by Fidelity Bank, was  completed and opened for business.
The hotel was delivered after six years of spadework in a partnership with SIFAX Group and the renowned global hotel brand, Marriott International.

Related Articles

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker