News – Real Estate Market Data and Research for Nigeria and other African Countries | estate intel
January 17, 2018

Carlson Rezidor’s Africa expansion continues, increases presence in Senegal with a second hotel

Carlson Rezidor continues to expand its presence in Africa, particularly into sub-Saharan Africa.  The Brussels-based hotel group opened its second hotel in Dakar in December 2017.  The 152-room Radisson Hotel Dakar Diamniadio opened in a developing new area, within 15 […]
January 15, 2018

InterContinental is the second international hotel brand to pull out of Nigeria, this year

Last week, InterContinental Hotels Group (IHG), operators of the InterContinental Hotels brand, announced its intention to exit its only hotel operation in Nigeria, after a fall-out with the property’s receivership manager. The 358-room InterContinental Hotel Lagos opened in 2013, after […]
January 15, 2018
President Buhari declares the Kaduna Inland Dry Port open for business Source:

Nigeria’s first Inland Dry Port in Opens in Kakuri, Kaduna

Earlier this year, Nigeria’s first Inland Dry Port situated at Kakuri, Kaduna was commissioned and opened. The port was initially approved by the Federal Government in 2014 in a bid to reduce congestion within seaports in Lagos that led to […]
January 15, 2018
Nigerian President to Commission New African Development Bank Abuja Office. Image Source: AfDB

Nigerian President to Commission New African Development Bank Abuja Office

The Nigeria Country Department (RDNG) office complex, owned by the African Development Bank (AFDB) will be commissioned by Nigeria’s President Buhari on Thursday, January 18, 2018. The complex has a built-up area of 4,200m2 and is situated within the Central Business District […]
January 12, 2018
Houses in Appolonia City. Image Source: Rendeavour

OPIC Provides $60m in Funding to Ghana Home Loans Bank

The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has revealed that it has provided $60 million in financing to Ghana Home Loans Bank (GHL) to support mortgage lending to low and middle-income borrowers, helping the country […]
January 11, 2018
Construction Begins at J.K Randle Centre for Yoruba Culture and History in Onikan

Construction Begins at J.K Randle Centre for Yoruba Culture and History in Onikan

Lagos State Governor, Akinwumi Amobode, performed the ground-breaking ceremony for the J.K Randle Centre for Yoruba Culture and History in Onikan, Lagos on Wednesday. The project is part of a wider initiative to transform the Onikan-Marina axis into a world […]
January 9, 2018

Carlson Rezidor in The Heart of the City, Abuja

In October 2017, Carlson Rezidor announced the signing of a deal to manage a 218-room luxury hotel to be located within a mixed-use real estate development in Abuja, known as “The Heart of the City”.  The development is to be […]
January 9, 2018

Carlson Rezidor to add two more branded hotels in Ethiopia

Carlson Rezidor currently operate a 212-room Radisson Blu hotel in the Addis Ababa city center, near the United Nations Compound, and within six kilometres from the Addis Ababa Bole International Airport.  The Brussels-based hotel group signed two new hotels in […]
January 3, 2018

Renaissance Hotel Ikeja rebranded to Radisson Blu

The 155-room Renaissance Hotel Ikeja, which opened in October 2016, has now been rebranded to Radisson Blu as of January 1st, 2018.  The hotel was Marriott’s first push of its Renaissance brand into the sub-Saharan African market, and Avalon Intercontinental’s […]
December 27, 2017
Golden Tulip Oniru Suites. Source:

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 […]