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.
- Operates 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.
Room rates range from N403,000 to N1.03 million per night, depending on specifications and standards, showing the hotel’s luxury status.
Capital Hotels Plc was incorporated on January 16, 1981, and became a publicly listed company in 1986. After a temporary delisting, it regained its position on the Nigerian Stock Exchange in 2008.
The company is chaired by Ramesh Kansagra, a British-trained microbiologist and Managing Director of Solai Holdings Ltd (SHL), which boasts a diversified portfolio with a net asset value exceeding $600 million across sectors including hospitality, ceramics, petrochemicals, and agriculture.
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
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