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.
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.
- 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.
Alhaji Tajudeen Owoyemi is the founder and chairman of Avalon Intercontinental Nigeria Limited, a leading hospitality group in Nigeria. Under his leadership, the company has developed and managed prominent hotels.
It opened in October 2016, was rebranded to Radisson Blu as of January 1st, 2018.
Rates start from N355,034 per night for a standard room, up to N897,842 for a two-bedroom suite with lounge access. Guests can dine at the Cut Steakhouse or enjoy local and international cuisine at the Iyeru Okin all-day restaurant. Additional amenities include a rooftop pool with city views, a 24-hour fitness center, and eight meeting rooms equipped with the latest A/V technology and complimentary high-speed Wi-Fi.
Now I know the owner of Bon Hotels and locations it extends. The price per night is actually for exquisite Business men. Wonderful piece very insightful