Ghana’s premier five star hotel Labadi Beach Hotel has made a stunning turnaround, announcing a record breaking dividend payment of GHC16,509, 000 to its sole shareholder, SSNIT after months of putting it up for sale to Rock City Hotels Company Limited.
The hotel in the past months was put up as one of SSNIT’s owned properties for sale due to low profit returns and low dividend being paid to SSNIT. The sale was halted after organized labor and several stakeholders demonstrated and spoke against the sale of the hotel to a Member of Parliament, citing conflict of interest.
The hotel made the announcement during its Annual General Meeting highlighting its unwavering commitment to excellence and affirmed its stance as Ghana’s outstanding leader in the Hospitality industry. The Managing Director, Mr. David Eduaful maintained that, the satisfaction that every guest gets when they enjoy the services of the Labadi Beach Hotel, is a testament to the passion and commitment of the team.
“Every accolade and every satisfied guest are a testament to the passion and commitment of our entire team. Our success reflects our dedication to delivering unparalleled d experiences and value to our stakeholders”, he said.
Board Chairman of the Labadi Beach Hotel, Professor Douglas Boateng also took turn during the AGM of the hotel, to commend the management for putting up strategic vision and governance to ensure that the hotel still remains on top of its operations.
In the hotel’s future outlooks, Mr. Eduaful expressed excitement about what the future holds for them riding on the resilience and excellence of the management and passion of the entire working staff at the hotel. He added that the hotel promises to redefine industry standards while upholding the trust placed in them by shareholders and partners.
