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.
- 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.
It is owned by the Chagoury Group, a Nigerian-Lebanese conglomerate led by brothers Gilbert and Ronald Chagoury, whose diverse business empire spans construction, manufacturing, real estate, healthcare, and hospitality.
The hotel features 824 elegantly furnished rooms spread across four properties: Signature, Eko Suites, Eko Hotel, and Eko Gardens, offering guests city or sea views. Room rates range from N240,000 to N1.1 million per night, based on the hotel’s booking packages.
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