The Kwara State government under the administration of Mallam Abdulrahman Abdulrazaq has approved the award of rebuilding the iconic Kwara Hotel for the sum of N17.8bn.
This was made known through a statement released by the state commissioner for communication, Bola Olukoju on Wednesday.
The decision, according to the statement was approved at a council meeting on Wednesday.
According to the Commissioner for Business, Innovation and Technology Hon. Damilola Yusuf, “The government approved the award of redesigning and wholesale rebuilding of the iconic Kwara Hotel to Craneburg Construction Company Limited to a five-star hospitality facility at the sum of N17.8bn for a duration of 24 months.
The project is “to be done through contract financing models to ensure prompt delivery.
The government promised that the construction and furnishing will be the most comprehensive since the legacy hotel was first constructed by the Brigadier-General David Bamigboye regime in 1975.
“The contract award followed a long procurement process that began in September 2023,” Yusuf told reporters.
The Informant247 had earlier reported how the Hotel was shutdown since October last year with a pledge of an overhaul by the state government.
Recently, The Informant247 also reported that security officials took over the facility amid the auctioning process of some ‘unservicable properties’ at the hotel with government promising to unveil the contract approval for the successful bidder