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.
- 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.
Key Features
- Total Rooms: 245 designed rooms tailored for comfort and sophistication.
- Staff Strength: Over 300 professionally trained personnel are committed to catering to customers.
- Nightly Rates: Prices range from N180,000 to N600,000 per night, depending on room type, capacity, and exclusive amenities, promising an experience of refined indulgence and personalized comfort.
Strategically situated among prominent developments such as AIB Plaza, Ark Towers, and the BUA Group Building, Black Diamond Hotel is poised to become a landmark destination for both local and international guests.
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