Landmark Group secures waterfront land in Port Harcourt to redevelop Vacationer Seashore

Landmark Group has secured waterfront land in Port Harcourt, in partnership with the Rivers State Authorities, to redevelop the once-popular Port Harcourt Vacationer Seashore right into a world-class leisure, hospitality, and tourism vacation spot.

The disclosure, made in a press release by Elsie Ogianyo, Model and Company Communications Supervisor for Landmark Group, got here days after CEO Paul Onwuanibe introduced the corporate’s growth into two African nations, three Nigerian states, and relocation of its headquarters from Lagos.

“The Landmark Group has secured a waterfront land in Port Harcourt, in partnership with the Rivers State Authorities to undertake the redevelopment of the as soon as common Port Harcourt Vacationer Seashore right into a world-class leisure, hospitality, and tourism vacation spot,” the assertion learn partially. 

The assertion famous that Onwuanibe expressed pleasure in regards to the mission, emphasizing Landmark Group’s dedication to creating unforgettable leisure experiences in Port Harcourt.

“We’re excited to create unmatchable and unforgettable leisure experiences in Port Harcourt by bringing our worldwide experience in offering providers and native experience from Lagos in offering waterfront leisure experiences,” he mentioned. 

He added that the initiative will not be solely about reviving a historic resort but additionally about constructing a long-lasting legacy that showcases the very best of Rivers State, drives socio-economic development, and establishes the resort as a must-visit vacation spot in Africa.

Rivers State Commissioner for Tradition and Tourism, Dr. Israel Lebura Ngbuelo, expressed his full help for the mission, emphasizing its potential to remodel the state into a number one tourism vacation spot in Africa.

 Extra insights  

The assertion revealed that redevelopment work on the Port Harcourt Vacationer Seashore is scheduled to begin within the first quarter of 2025, with phased completions set to start as early because the fourth of 2025.

• The mission is anticipated to have a far-reaching affect on the native financial system, creating each direct and oblique employment, fostering the expansion of small and medium-sized enterprises (SMEs), and enhancing the native provide chain.
• Moreover, it is going to contribute to producing diversified internally generated income (IGR) for Rivers State, boosting the area’s financial growth.
• The assertion additional famous that the Landmark Port Harcourt Leisure Resort would be the first of a number of prime tourism locations that Landmark Group plans to develop throughout West Africa, with half of those situated in Nigeria.

The corporate’s broader imaginative and prescient is to ascertain a community of iconic leisure locations all through the area, thus selling intra-Africa tourism and showcasing the area’s untapped tourism potential.

What you must know  

Nairametrics earlier reported that Landmark Africa, the corporate behind Landmark Seashore Resort in Lagos, plans to relocate its Nigerian headquarters and broaden operations into two different African nations and three Nigerian states, as disclosed by CEO Paul Onwuanibe.

• This transfer follows the April 2024 demolition of the Landmark Seashore Resort, which Onwuanibe revealed resulted in an estimated lack of $80 million. He cited the setback as a catalyst for the corporate’s diversification technique.
• Onwuanibe disclosed that Landmark Africa obtained curiosity from governors in 12 states throughout Nigeria, with three chosen for brand new ventures after a six-month analysis. The corporate can also be shifting its whole occasions and tourism platform out of Nigeria, as Onwuanibe revealed.
• Regardless of the demolition, Onwuanibe disclosed that Landmark Africa has not obtained compensation, though different affected properties have. He additionally criticized modifications to the Coastal Highway’s deliberate route, which had initially been deliberate in entrance of the resort.

Onwuanibe highlighted that Landmark Africa contributed over N10 billion in taxes within the earlier 12 months, emphasizing the corporate’s significance to the native financial system.