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Friday, 27 March 2015

Nigerian Tycoon Orji Uzor Kalu Set To Launch Hotel on the Island

Orji Uzor Kalu, a Nigerian millionaire businessman and politician, is set to launch a chain of             boutique hotels across Nigeria.According to a report by Sun News Nigeria, the hotel chain is              called‘Sun Heavens Hotels and Resort, and will target business visitors and tourists. The first            hotel is situated in Victoria Island, Lagos, and will open for business before the end February.            Kalu is also reportedly currently building other hotels in locations such as Lekki, Ikoyi, Asokoro,        Gudu, Umuahia and Enugu.The hotels will be managed by Turkish veteran hotelier Elis Seval.

Kalu, 54, is the founder of Slok Holding, a Nigerian conglomerate with interests in shipping, media, commodity trading and banking. He debuted on the November 2014 Forbes’ ranking of Africa’s 50 Richest List with a fortune estimated at $1 billion, but his net-worth has since dropped significantly below $1 billion on new information regarding his businesses and debt levels.

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