Hotel Intel – Real Estate Market Data and Research for Nigeria and other African Countries | estate intel

Hotel Intel

November 20, 2017

Carlson Rezidor signs its first Radisson Blu Hotel in Cameroon

Carlson Rezidor Hotel Group has announced the signing of a new hotel project for development in Douala, the commercial and economic capital of Cameroon.  The 150-room hotel will consist of studios and apartments, and will be branded as Radisson Blu Hotel […]
November 16, 2017

Hotel groups address lengthy development periods in West Africa

West Africa has been at the heart of the continent’s growth and economic transformation in recent years.  Notwithstanding the sharp slowdown experienced in 2016 and 2017, the region’s economy is expected to rebound in 2017 onwards.  Commodity-based economies, like Nigeria, […]
November 15, 2017

A new Hilton in Cabo Verde

In October, Hilton announced the opening of its first property on Sal Island, Cape Verde.  Cape Verde is located just off the west coast of Africa, approximately 670 kilometres (or 420 miles by air) from Dakar, Senegal. Sal is the […]
October 30, 2017
October 2017. Updated - Development: The Art Hotel, Oniru - Lagos

Updated – Development: The Art Hotel, Oniru – Lagos

Name: The Art Hotel; Location: Plot 13A, Block 111, Yesufu Abiodun Oniru Way, Victoria Island; Floors: 7; Use: Hospitality; Rooms: 46 (4-Star); Cost: $15m; Developer: Dreamspaces Development; Contractors: Dutum Company Limited; Principal Funding Partners: Purple Capital Partners; Architects: S333, Holland and O+O Architecture and Design Ltd; […]
October 25, 2017

A new Four Points by Sheraton for Arusha, Tanzania

Marriott International just announced the opening of its first Four Points by Sheraton brand in Arusha, Tanzania. The 106-room hotel re-opened at the end of September, after the renovation and rebranding of The Arusha Hotel – a longstanding city landmark […]
October 17, 2017
Waterview Landmark Village, Lagos, Nigeria Source: waterview.landmarkafrica.com

Marriott’s announcements at the African Hotel Investment Forum 2017

Marriott announced seven new hotel deal signings at the African Hotel Investment Forum (AHIF) 2017, which held October 10 – 12 in Kigali, Rwanda.  The global hotel company currently operates in 20 African countries, a penetration that was particularly driven […]
October 8, 2017
Development: Hotel Project, Corner of Ojora and Onitolo Road, Ikoyi - Lagos

Development: Hotel Project, Corner of Ojora and Onitolo Road, Ikoyi – Lagos

Name: Hotel Project; Address: Corner of Ojora and Onitolo Road, Ikoyi, Lagos – Nigeria; Use: Hospitality; Keys: 200; Features: Banquet Hall, Rooftop bar and swimming pool, Fitness Centre and Spa; Parking: 300 bays; Floors: 7; Developer: Tom Hawksworth Limited; Architects: Design Group Nigeria; Project Managers: Design Group […]
October 6, 2017
Hyatt Marrakech. Image Source: Perkins Eastman

An upbeat week of announcements for African hotel markets

It was a week of major announcements of growth plans for Africa by international hotel companies.  Announcements came from U.S. based Hyatt and Hilton to significantly increase their footprints in Africa over the next few years. HYATT In a press […]