Nigeria, Feb. 3 -- Sheraton Abuja Hotel will henceforth be known as Abuja Continental Hotel, its owners, Capital Hotels Plc, announced the name change in a regulatory filing seen by PREMIUM TIMES on Thursday.

The disclosure marks the first corporate action by Capital Hotels since it was acquired by 22 Hospitality Limited in late September, a deal that sold a controlling stake of 66.1 per cent in the company to the latter. That is equivalent to 2.1 billion ordinary shares.

"The Hotel has also been reopened for operations while renovations are ongoing to bring the Hotel to the standard befitting its status as a Five Star Hotel," the document said.

Capital Hotels has not reported profit in the past three years, checks by PREMIUM TIMES sho...