Starwood Hotels & Resorts Worldwide, Inc. has announced that it has acquired Four Points Hotel in Benin City. The company said it hopes to accelerate growth in emerging markets across the globe with the new addition.
The new Four Points is Owned by Eagle Hospitality and Leisure Limited, the sleek new Four Points hotel is built for the modern traveler with an emphasis on approachable design and stylish comfort.
Conveniently located in the heart of Benin City – the capital city of Edo State, one of the 36 states in Nigeria – the hotel is situated within a five-minute drive to the airport and no more than 10 minutes from the government and business district.
“Four Points by Sheraton Benin City will further consolidate our strong Nigeria portfolio, opening up yet another emerging destination for international travel,” said Michael Wale, President, Starwood Hotels & Resorts, Europe, Africa and Middle East.
“With five hotels operating and another four in the pipeline, including Four Points Benin City, Nigeria is already one of our strongest markets in the region, and the signing of this hotel reinforces the growing demand for affordable lifestyle brands in rapidly developing markets.” he said.
“We are delighted to introduce the popular Four Points brand to Benin City and expect this new hotel to meet the rising demand for high-caliber lodging in this fast-growing market, soon emerging as a leading choice among business and leisure travelers,” said Mr. Chris Oshiafi, Group Managing Director of PanAfrican Capital Plc and Chairman of Eagle Hospitality and Leisure Limited.
“Responding to the demand for affordable yet innovative lodging options is core to our development strategy,” said Neil George, Senior Vice President Acquisitions & Development, Starwood Hotels & Resorts, Africa & Middle East. “Four Points has the largest number of rooms in Starwood’s global pipeline and its compelling blend of comfort, style and affordability make the brand increasingly attractive for owners and developers.”
With over 200 hotels in nearly 40 countries around the world, Four Points continues to penetrate new markets, globally. The brand is on track to expand its portfolio of rooms by more than 50% in the next five years.