Nigeria's luxury hospitality market is steadily growing with strong investors' trust, regional business trips and a growing appetite for premium experiences among African elites.
Despite the overall decline in rankings, Nigeria currently has 7,622 rooms in 50 new hotel projects, making it the second in the 2024 Hotel Development Index.
This is driven by the aggressive growth strategies of international brands such as Marriott International, Hilton, Radisson Hotel Group and Leva Hotels, where Lagos leads the project execution and leads Abuja.
Nigeria's economic capital and the most populous city, Lagos is a hotel investment hub that attracts global chains and local entrepreneurs. Its strategic location, international airports and the presence of businesses has made it a magnet for luxury hotel developments, particularly in Victoria Island, Ikoyi and Ikeja. Abuja, the political capital, has stagnated with pipeline projects, many of which are still in the pre-planning stage.
Against this backdrop, many Nigerian business moguls, foreign investors and regional conglomerates lie behind the most expensive hotels in the country.
This is a list of 15 owners who will redefine Nigeria's gorgeous hospitality in 2025, not listed in a specific order.
Room rates/night for Bon Hotels owners: N195,000-N500,000
Bon Hotels Nigeria is owned and managed by Bon Hotels, a South Africa-based hotel group founded in 2012 by veteran hospitality entrepreneur Guy Stehlik. The company operates, manages and sells a growing portfolio of hotels, lodges and resorts that exist in Nigeria, South Africa, Namibia, Ethiopia and Uganda.
In Nigeria, the group's operations are classified as Bon Hotels International West Africa, led by hospitality veteran Otto Schilik. This West African portfolio reflects the brand's strategic focus on providing tailored hospitality solutions that combine international standards with regional relevance.
Founded by a management team with over 100 years of industry experience, Bon Hotels has a reputation for professional hotel management, efficient operation and guest-centered service in a diverse range of African markets. Room rates at Bonhotels in Nigeria range from N195,000 to N500,000, serving both business and luxury travelers.
