The government of Ekiti State through its investments management entity, Fountain Holdings Limited, has formally handed over the rights of Ekiti’s flagship tourism asset, Ikogosi Warm Springs Limited, to Glocient Hospitality Limited as the new concessionaire
Glocient Hospitality, which was the preferred bidder for a 15-year build, operate and transfer concession that will see the facility be revamped into a world-class tourism destination.
The transfer of rights ceremony held on Friday in the ancient town of Ikogosi, with high-ranking government officials, the traditional ruler of Ikogosi-Ekiti, His Royal Majesty Oba Elijah Olorunishola with members of his traditional council, as well as a delegation from Glocient Hospitality Limited.
A tour of the facility was conducted by members of the Glocient Hospitality team, which included architects, builders, and tourism sector experts, together with community stakeholders.
Ikogosi Warm Springs resort is a globally known tourist attraction located in Ikogosi, Ekiti state, famous for the unique presence of warm and cold-water springs side-by-side – the only location in the world where this exists.
The facility is located within the Ipole-Iloro tourism corridor, and has been long recognised by the Government of Ekiti State as the flagship tourism asset in the state with huge potential for revenue generation and job creation, hence the prioritization of its commencement by H.E. Governor Biodun Oyebanji.
According to the Acting Group Managing Director of Fountain Holdings Limited, Mr. J.B. Folorunsho, Glocient Hospitality was carefully selected based on the company’s corporate and financial capabilities, track record, and roadmap for the phased revamp of the facility. He described the development as a demonstration of the commitment of the Oyebanji administration to economic development and creation of jobs for the people of the state.
Mr. Dele Odufuye, Executive Director of Glocient Hospitality, said: “We are excited to commence work on this rare gift of nature. We know without a doubt that what this prime asset needs are the right infrastructure and management to attract droves of patrons and activities all year round.
“Our meticulously drafted roadmap will ensure we meet key milestones in the revamp of this facility over the short, medium, and long term, but the ultimate objective is to turn this facility into a world-class vacation resort, with facilities for golf and other leisure activities. The first phase of this project will see the facility become operational by Q1 2023, and we rely on the support of every single one of us to collectively achieve our goals.”
Speaking on behalf of the host community, Chief (Dr.) Jide Josiah welcomed Glocient Hospitality and assured the company of the community’s support to ensure they achieve the set goals.