The Labadi Beach Hotel has given the government a check for GH$10 million as a dividend.
The dividend, which covers the fiscal year 2021, is the biggest ever recorded for the finest five-star hotel, which was fully owned by Ghanaians and first opened its doors to guests in 1991 with 104 rooms.
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The company now has 164 rooms, including two Presidential Suites, four Executive Suites, and four Superior Suites. The Social Security and National Insurance Trust (SSNIT) is the only stakeholder.
The hotel, which has withstood competition from other multinationals over the years, also features five bars, two restaurants, a 900-seater multi-purpose conference and banqueting facility, a spa with a plunge pool, a well-equipped gym, a lagoon for fishing, and two plush leisure and lap pools on a vast tropical landscaped garden that looks out onto the natural Maale Lagoon.
During a board meeting on Tuesday, the check was handed by Professor Douglas Boateng, the hotel’s acting board chairman, and David Eduaful, the hotel’s acting managing director.
Joseph Appau Boateng, a senior investment analyst, accepted the check on behalf of SSNIT.
Notwithstanding all the obstacles, the hotel’s personnel, according to Prof. Boateng, was able to provide top-notch customer service that brought in both domestic and foreign guests.
They are steadfastly committed to demonstrating that if citizens are given opportunity, they can equally provide for the shareholder and the society at large, he continued. “Without a doubt, with our supervisory backing, this performance is going to continue,” he said.
According to Mr. Eduaful, the success of the local brand could also be ascribed to its creative strategy, adoption of the highest operational standards, and service delivery by its committed team who went above and beyond for customers.
“Being a cherished national institution, Labadi Beach Hotel has established itself as offering elegance and top-notch services.
He continued, “It has established itself over time as the country’s premium five-star brand that offers meaningful and purposeful services, amenities, and environments, and these attributes are designed to help our guests achieve their personal goals while advancing their ambitions without hindrance whether they are on a business or leisure stay with us.
The hotel will invest in human capital as part of its growth and expansion goals, the acting managing director continued, despite the current global economic and financial constraints brought on by the COVID-19 epidemic, as well as intense competition.
With the chance to fulfill its duty to declare and pay dividend to the shareholder, Mr. Eduaful said it was equally vital to recognize the enormous support and patronage of valued guests who continued to make the hotel the top option.
Mr. Boateng praised the hotel’s management and personnel for their effective work.