September 24, 2020

Top 5 Hotels opening in Lagos over the next 24 months

Dapo Runsewe

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.

ART HOTEL, ONIRU.

Art Hotel, Oniru. Image Source: Dutum Construction Limited

 

RADISSON COLLECTION HOTEL (FORMERLY CHELSEA GROUP HOTEL), IKOYI.

Radisson Collection Hotel (Formerly Chelsea Group Hotel, Ikoyi.

 

MARRIOTT HOTEL, IKEJA GRA.

Marriott Hotel, Ikeja. Image Source: Estate Intel.

 

HAWTHORN SUITES BY WYNDHAM, ONIRU.

Hawthorn Suites by Wyndam, Oniru.

 

 

RADISSON HOTEL (FORMERLY EMERALD CONTINENTAL HOTEL) , ONIRU.

Radisson Hotel (Formerly Emerald Continental Hotel), Oniru.

Related Articles

INDUSTRY NEWS

Ikeja City Mall will be sold to an undisclosed investor for $115 million

READ MORE
INDUSTRY NEWS

Actis-backed Rack Centre announces $100m expansion to create West Africa’s Largest Data Centre

READ MORE
INDUSTRY NEWS

Be a part of our research exercise on Housing for the Young Demographic.

READ MORE

Access the data you need now

It's free to sign up! Check out reports, the directory and interactive dashboards.

Sign up for free