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-Femi Babalola
- Location- Ibadan
- Hotel rating- 4-star
Jogor Hotel was founded by Engr. Olufemi Babalola, who serves as the CEO and Chairman of the JOGOR Group of Companies. A prominent figure in Ibadan, Nigeria, Engr. Babalola has made his mark in both the real estate and hospitality sectors.
The original JOGOR Centre, an indoor event centre, was established in 2005, laying the foundation for his ventures in hospitality. The hotel itself celebrated its second anniversary in late 2025, indicating it officially opened around late 2023.
Located in the heart of Ibadan, Oyo State, Jogor Hotel has quickly become a premier destination for both business and leisure travelers. The property features 101 rooms across multiple categories and three meeting rooms, combining contemporary African comfort with modern luxury. Amenities include fully air-conditioned rooms with orthopedic and spring mattresses, smart TVs with satellite channels, complimentary breakfast, 24-hour room service and electricity, daily housekeeping, a business centre, and laundry services. Room rates start at N130,000 per night and can go as high as N500,000 per night
Babalola earned a degree in Civil Engineering from the University of Ibadan. After completing his National Youth Service in Ibadan, he worked with a consulting engineering firm and later founded Pentagon Concepts in 1991.
