South-West Nigeria, comprising Lagos, Ogun, Oyo, Osun, Ondo, and Ekiti States, continues to attract significant investment in the hospitality sector.
According to industry data, Nigeria ranks among the top countries in Africa for hotel development, with 48 new projects and over 7,300 rooms slated for completion in 2025.
Despite the growing supply, inflationary pressures remain a key consideration for both investors and consumers.
Lagos State recorded a headline inflation rate of 14.7% year-on-year in August 2025, the lowest in the region, while Ekiti hit 28.2%, Oyo 26.6%, Ogun 24.3%, and Osun 22.1%, according to recent reports from the National Bureau of Statistics (NBS) and the Nigerian Inter-Bank Settlement System (NIBSS).
Within this economic context, certain hotels in the South-West stand out for their strong performance. These properties are distinguished by guest ratings, room capacity, cost per night, and strategic proximity to key commercial, cultural, and tourism landmarks. The combination of these factors has positioned some hotels as preferred choices for both leisure and business travelers, driving occupancy and brand visibility.
Let’s take a closer look at the owners behind the region’s most popular hotels and explore how their investments, strategy, and operational excellence have shaped the South-West’s hospitality landscape.
- Owner-Alhaji Tajudeen Owoyemi: Founder, Chairman, Avalon Intercontinental Nigeria Ltd
- Location-Lagos
- Hotel rating- 5-star
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.
Note: The hotels and individuals featured in this compilation have been carefully selected by a distinguished panel of editors, hospitality experts, and industry analysts at Nairametrics. This overview focuses on properties in Southwest Nigeria, highlighting their contributions to the region’s hospitality sector. None of the hotels or individuals listed have solicited their inclusion. While this compilation aims to provide a comprehensive perspective, it is not exhaustive; numerous other operators and stakeholders have played significant roles in advancing hospitality in Southwest Nigeria. This content is exclusive to Nairametrics and may be updated periodically to reflect changes, expansions, and developments within the industry. Feedback and suggestions are welcome.
