HTI Consulting Expands its Physical Presence in Nigeria

Hospitality and Real Estate Consulting firm HTI Consulting announced this week that the company is expanding its presence in the Nigerian market and has recruited Adetope Kayode as Vice President for Advisory and Transactions to head up their growth in Nigeria. Adetope with his vast experience in Nigeria and sub-saharan Africa, will be based in Lagos, Nigeria as of 01 June 2016.

Adetope comes to HTI Consulting from the investment and asset management sector where he was Assistant Vice President for Hospitality and Retail at Mixta Africa, a subsidiary of ARM Investment Managers. Adetope has over 12 years work experience spanning several roles including Fund Management, Consulting, Project Finance, Asset Management and Corporate Finance and Strategy gained through working at KPMG Lagos and ARM Investment Managers. Adetope’s transaction advisory and asset management experience will bring significant value to HTI Consulting clients. In his last role he was involved in the structuring and establishment of the first specialist Hospitality and Retail Real Estate Investment Fund in Nigeria. He was also involved in the asset management and successful refinancing of their first development in Victoria Island,

Adetope is looking forward to his new and challenging role at HTI Consulting. “The company has grown from strength to strength in recent years with CEO Wayne Troughton at the helm, particularly in West Africa. There continue to be numerous opportunities in the region and I look forward to assisting the company in expanding its business”.

Wayne Troughton, CEO of HTI Consulting, is excited to welcome Adetope. He highlighted that the appointment comes at a critical time for the hotel sector in Nigeria. “Although a challenging time for the Nigerian market, hotel transactions will continue and potentially escalate as some struggling assets are off loaded. In addition this is also an opportune time to expand our due diligence, valuation and other advisory services which will be valuable when banks and investors take stock of their assets and investments”.

Adetope will be focusing on debt and equity financing, feasibility studies, due diligence, operator selection and valuations within Nigeria, West Africa and sub-Saharan Africa.

Hospitality and Tourism International Consulting “HTI Consulting” is a niche, specialist hospitality, mixed-use, real estate and leisure focused consulting company formed in 2003. To-date more than 300 assignments have beencompleted covering 36 countries in Africa and the Middle East, including Market and Financial Feasibility Studies, Valuations, Operator Selection, Management Contract Negotiation and Finance Raising.

For additional information on these and other services please contact HTI Consulting: info@hticonsulting.co.za | +27 21 685 0635