FCMB Finances Newly Opened Radisson Blu Hotel in Lagos, Restates Commitment to Hospitality Industry

Leading financial services provider, First City Monument Bank (FCMB), has again demonstrated its commitment to the development of Nigeria and indeed the hospitality industry by wholly financing the construction of the new 155-room Radisson Blu Hotel located at Ikeja GRA in Lagos. The new five-star hotel, which is the third in Nigeria and second in Lagos, was officially opened on Wednesday, January 17, 2018 at an impressive ceremony.


The hotel, owned by Avalon Intercontinental Nigeria, is under the management of Carlson Rezidor Hotel Group, owners of the Radisson Blu brand and one of the largest hotel and hospitality companies in the world with 1,440 hotels in operation spread across 115 countries.


Speaking at the ceremony, the Managing Director of FCMB, Mr. Adam Nuru, said the decision of the Bank to finance the project was in line with its commitment to support initiatives that would promote and add value to Nigeria’s hospitality industry, thereby boosting tourism. According to him, ‘’we are determined to lead the way in driving efforts to expand the Nigerian economy and make the revenue base much more robust. The hospitality and tourism industries are integral parts of this diversification strategy’’.


Mr. Nuru added that the Bank’s financing of the new Radisson Blu Hotel was also informed by the importance and benefits of the Hotel in the areas of attracting business and tourism, employment, revenue generation, relaxation and ambience in Lagos and Nigeria in general. He assured that, ‘’we will continue to intervene and offer excellent support as well as solutions in developmental areas that would fast-track the growth of the aspirations of individuals, businesses and the entire country’’.


In his address, the Senior Vice President, Africa and Indian Ocean, Carlson Rezidor Hotel Group, Mr. Andrew McLachlan, said, “we are thrilled to be expanding our presence in Nigeria, one of Africa’s economic powerhouses, with the opening of Radisson Blu Hotel Lagos, Ikeja. We have identified Nigeria as a key country for scaled growth and the addition of our second Radisson Blu in Africa’s largest city, Lagos, perfectly complements our development strategy’’.  He further informed that, ‘’today, we have nine hotels open or under development in Nigeria, including in Abuja and Port Harcourt. We have three open and six under development. So, we have 1,755 rooms in Nigeria today. The other six will be opened over the next four to five years”.


While commending FCMB for proving to be a worthy partner by providing the required funding and other support for the actualization of the project, Mr. McLachlan expressed confidence that, ‘’the appeal of the international upscale Radisson Blu brand and the excellent location of the hotel will attract strong business from both international and domestic travelers”.


The new Radisson Blu Hotel in Lagos offers a choice of contemporary standard and business class rooms and a range of ultra-stylish one, two and three-bedroom loft suites. All rooms carry a fresh and modern design with free high-speed wireless Internet. The hotel also has an extensive food and drinks offering. In addition, it has eight impressive meeting and events facilities, including a ballroom, an expansive conference room capable of hosting over 400 guests and six meeting rooms with an adjoining business centre. Leisure facilities include a fully-equipped gym and swimming pool for travelers seeking to rejuvenate or maintain their fitness regime.