Nigeria’s luxury hospitality market is growing steadily and quietly with strong investor confidence, regional business travel, and a growing appetite for premium experiences among Africa’s elite.
Despite a drop in overall ranking, Nigeria is now second on the 2024 Hotel Development Index with 7,622 rooms across 50 new hotel projects.
This is driven by the aggressive growth strategies of international brands like Marriott International, Hilton, Radisson Hotel Group, and Leva Hotels, with Lagos leading development and Abuja trailing in project execution. …CONTINUE READING
Lagos, Nigeria’s economic capital and most populous city, remains the hotel investment hub, attracting global chains and local entrepreneurs. Its strategic location, international airport, and corporate presence have made it a magnet for luxury hotel development, particularly in Victoria Island, Ikoyi, and Ikeja. Abuja, the political capital, is stalled in pipeline projects, many of which are still in pre-planning stages.
Against this backdrop, many Nigerian business moguls, foreign investors, and regional conglomerates are behind some of the country’s most expensive hotels.
Here’s a listing in no particular order of fifteen owners redefining Nigeria’s luxury hospitality in 2025.
1Marriott Hotel Ikeja
Cost of room per night: N583,635- N3.9 million
The Lagos Marriott Hotel Ikeja is owned by Mac-Folly Hospitality Limited, a subsidiary of Nigeria’s SIFAX Group, and is managed by Marriott International
2. Owners of Radisson Blu Hotel Ikeja
Room cost per night: N355,034 – N897,842
The Radisson Blu Hotel, Lagos Ikeja is a stylish, modern hotel owned by Avalon Intercontinental Nigeria Limited and managed by the Radisson Hotel Group. Conveniently located just 5km from Murtala Muhammed International Airport, the hotel features 155 contemporary guestrooms, including 17 loft-style suites, designed for both business and leisure travelers
3: Transcorp Hilton Abuja
Room cost per night: N350,000-N818,000
Transcorp Hotels Plc is the hospitality arm of Transnational Corporation Plc (Transcorp Group), one of Nigeria’s largest and most influential conglomerates.
4. Sheraton Ikeja
Cost per night: N365,436 – N993,571
Ikeja Hotel Plc has steadily grown its footprint in Nigeria’s hospitality sector through the strategic development and acquisition of hotel and tourism properties
5. Wheatbaker Hotel
Cost per night N231,000-N618,045
The Wheatbaker, which opened in Nigeria in 2011, is a luxury boutique hotel owned and developed by Legacy Hotels & Resorts. Located in the affluent Ikoyi district of Lagos, it marked a significant milestone as Nigeria’s first art hotel.
6. Federal Palace Hotel
Cost per night- N440,000
Anthony Leeming is the Chief Executive Officer of Sun International Group, a role he has held since 1 February 2017. He brings over 14 years of experience in the hotels, resorts, and gaming industries, having joined the Group in 1999 as Group Financial Manager.
7. Abuja Continental Hotel
Cost per night N403,000-N1.03 million
Abuja Continental Hotel, formerly known as Sheraton Abuja Hotel, is a landmark luxury destination owned and operated by Capital Hotels Plc, a premier hospitality company headquartered in Abuja. The hotel began operations in January 1990 and stands as the company’s flagship and only hotel property. Strategically located in Nigeria’s capital, the Abuja Continental Hotel offers a comprehensive hospitality experience, including high-end restaurants, serviced apartments, recreational facilities, a nightclub, and a business centre.
8. Jonas Schwarz Lausten –CEO & Co-owner, Nordic Hotel
Room cost/night: N215,000-N1.08million
Nordic Hotel Abuja is a stylish, Scandinavian-inspired luxury hotel located in Nigeria’s capital and Lagos. It is owned by a group of partners, including Nwaya Chukwuemeka Collins, Anders Mogensen, Christian Schwarz Lausten, and Jonas Schwarz Lausten.
9. Stanley Uzochukwu-Founder, Delborough Hotels
Room cost per/night: N467,925-N2.81 million
The Delborough Hotel, formerly known as Stanel Hotel, is one of Nigeria’s newest ultra-luxury hospitality landmarks. Located in Victoria Island, Lagos, the hotel officially opened in 2023 and is developed by The Stanel Group, a fast-growing Nigerian conglomerate. With nightly rates ranging from N467,925($303)to N2.81 million($1,824), The Delborough caters to high-end clientele seeking exclusivity, comfort, and world-class service.
10. Gilbert and Ronald Chagoury – Founders, Eko Hotel & Suites
Cost per night: N240,000- N1.1 million
Eko Hotels & Suites, established in 1977 as Eko Holiday Inn, is one of Nigeria’s most iconic and expansive hospitality landmarks. Located on Victoria Island, Lagos, the hotel was designed by renowned architect Oluwole Olumuyiwa
11. Black Diamond Hotel
Room cost/night: N180,000 -N600,000
Black Diamond Hotel is a premium hospitality development located in the heart of Victoria Island, Lagos. Developed by Black Diamond Hotel, the project brings a new level of luxury and comfort to one of Lagos’s most vibrant business and leisure districts.
12. Attia Nasreddin-Chairman, Nasco Group Nigeria
Hotel Owned: Fraser Suites
Room cost/night: N583,000-N4million
Attia Nasreddin is the Chairman and CEO of Nasco Group Nigeria, a major player in Nigeria’s industrial sector with interests spanning manufacturing, agro-business, and real estate.
13. Milan Group/AMCON
Hotel Owned: Lagos Continental
Room cost/night: N639,000 – N1.3 million
Lagos Continental is an award-winning luxury 5-star hotel located in the heart of Victoria Island, Lagos. It is the tallest hotel in West Africa, featuring 358 elegant rooms, 37 suites, and a Presidential Suite. Room rates typically range from N639,000 to N1.3 million per night.
14. Movenpick
Hotel owned: Movenpick Ikoyi
Room rates/night: N285,000-N594,000
Mövenpick Hotel Ikoyi Lagos, formerly known as Southern Sun Ikoyi, is owned by Kasada Albatross Holdings, a Mauritius-based subsidiary of Kasada Hospitality Fund LP.
15. Guy Stehlik: Founder, CEO BON
Owner of Bon Hotels
Room rate/night: N195,000-N500,000
BON Hotels Nigeria is owned and managed by BON Hotels, a South African-based hotel group founded in 2012 by Guy Stehlik, a seasoned hospitality entrepreneur. The company operates, manages, and markets a growing portfolio of hotels, lodges, and resorts across Africa, with presence in Nigeria, South Africa, Namibia, Ethiopia, and Uganda.
-Nairametric
