Transcorp Hotels has a property in Abuja;[2][3] the Transcorp Hilton Hotel Abuja and planned properties in Lagos[4] and Port Harcourt, which is to be situated at Evo Road.

[5][6] In 2005, the Federal Government of Nigeria privatized NIRMSCO Properties Limited – the owner of the Nicon Hilton Hotel, Abuja at the time.

As part of a consortium, Transcorp plc purchased a proprietary stake in the company and became the core investor, while the federal government retained the remaining 49 per cent.

In 2013, Transcorp bought out other consortium members and became the sole owner of the 51 per cent controlling shares in THTSL.

[citation needed] THTSL was rebranded Transcorp Hotels plc in 2014, ahead of an initial public offering in October 2014.