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Golden Tulip Suites opens in Oniru

In December 2017, a 3-star, 25 key Golden Tulip Suites opened in Oniru, Lagos. The property is located off the major arteries in the area, but close to other high-end hotel products in the city, such as Four Points by Sheraton Lagos and Lagos Oriental Hotel, as well high-end retail facilities such as the Palms […]

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ei Report: Cameroon Hotel Market

At estate intel, we enjoy supporting African real estate investors through data-driven analysis to ensure they make the right decisions.  We have published a report on the Cameroon Hotel Market to help potential investors, operators, and other interested parties understand the nature of the market there better.  Highlights from the report:  Douala, the commercial capital […]

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ONOMO will open its latest hotel in Conakry, Guinea

ONOMO Hotels will open its latest hotel in Conakry, Guinea in December 2017.  The 155-key hotel is located in the Tombo quarter within the Kaloum district, a few minutes from the People’s Palace. The hotel was built on land with a surface area of 9,000m², and will feature: 123 rooms, majority of which are 17m² […]

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African hotel brand, ONOMO Hotels, receives €46 million investment from UK DFI

CDC Group, the wholly UK government-owned Development Finance Institution, announced its EUR46 million investment in ONOMO Hotels. The investment is expected to be channeled into ONOMO’s development pipeline of more than 20 hotels across Africa in the next five years.  This completes the group’s €106 million equity fundraising efforts, including CIC Capital and Batipart, who remain […]

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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 & Apartments Douala. This is the first Radisson Blu signed for Cameroon, bringing the brand […]

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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, are slowly recovering from the fall in oil prices and oil production, while countries like […]

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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 fifth most populated of the country’s 10 islands, with an estimated population of around 32,000 […]

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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 that has hosted high-ranking dignitaries and personalities for more than 120 years.  The hotel is […]

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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 by its acquisition of Protea Hotels in 2014.  Its pipeline earlier in the year stood […]

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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 Nigeria; Structural Engineers: Jubas & Company Limited; Mechanical and Electrical Engineers: Avantis Integrated Consulting; Main Contractor: Vita Construction […]

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