Top 5 Hotels opening in Lagos over the next 24 months
Dapo Runsewe . 4 years ago
hospitality

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Article Summary: Following the effect of the COVID-19 pandemic, the hospitality sector is showing renewed signs of life with development activity by way of new hotel developments in the pipeline. As such, we're taking a look at the top 5 hotels that are set to be delivered in the next 24 months.
The hospitality sector was only just starting to recover from the pre-ebola and recession dips of 2015 and 2016. Data from W. Hospitality Group shows the impact of the COVID-19 pandemic has led to a crash in occupancy rates in Lagos from 45% to 15% in January 2020, which is a much more significant impact than the effectively controlled Ebola outbreak that crashed occupancy rates in Lagos to 45% in 2015 from 62% in 2013.
Lagos State currently has up to 10,000 quality hotel rooms including large international brands and much smaller indigenous or boutique players. Most of the assets are owned by High Network Individuals or large domestic institutional investors and a few key examples include Avalon Intercontinental, Uraga Real Estate, Eko Hotels Group, Tourist Company of Nigeria, and Ikeja Hotels PLC among others. With this in mind, we have decided to profile our favorite ongoing and conceptual hospitality developments in Lagos State.
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- Location: Chief Yesufu Abiodun Oniru Way.
- Developer: Dreamspace Development.
- Main Contractor: Dutum Company Limited.
- Architect: MOE + Art Architecture.
- Project Manager: Studio Stoone.
- Keys: 49.
- Floors: 6.
- Date Added to Database: March 2018.
- Status: Under Construction.
RADISSON COLLECTION HOTEL (FORMERLY CHELSEA GROUP HOTEL), IKOYI.
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- Location: Intersection of Alfred Rewane (Kingsway) road, Gerrard Road, and Osbourne Road.
- Developer: Chelsea Group.
- Main Contractor: Impacto Groupo Limited.
- Architect: Impacto Groupo Limited.
- Keys: 160.
- Floors: 10.
- Date Added to Database: March 2018.
- Status: Nearing Completion.
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- Location: Oba Aladejobi Street and Joel Ogunaike Street.
- Developer: Sifax Group.
- Main Contractor: Dori Construction and Engineering.
- Architect: GI Architecture.
- Sub-Contractor: Meinhardt.
- Keys: 251.
- Floors: 7.
- Date Added to Database: March 2018.
- Status: Nearing Completion.
HAWTHORN SUITES BY WYNDHAM, ONIRU.
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- Location: Prince Yomi Daramola Street.
- Developer: Shelter Suites and Hotels.
- Main Contractor: Bulwark Construction.
- Architect: DAA Architects Limited.
- Project Manager: Gassim.
- Keys: 135 rooms.
- Floors: 10.
- Date Added to Database: March 2019.
- Status: Under Construction.
RADISSON HOTEL (FORMERLY EMERALD CONTINENTAL HOTEL) , ONIRU.
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- Location: BIS Way, Oniru.
- Developer: Emerald Continental Services Limited.
- Main Contractor: Dori Construction and Engineering.
- Project Manager: Envohygienix.
- MEP Engineer: Etco Nigeria Limited.
- Keys: 244.
- Floors: 18.
- Date Added to Database: May 2018.
- Status: Under Construction.
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