Starwood is planning on opening five new hotels in Nigeria before the end of 2017.
The expansion plans will see over $500 million invested in Nigeria’s hospitality market, which will consist of 700-1,000 additional hotel rooms.
The new hotels include the 146-room Four Points by Sheraton Ikot Ekpene, Four Points by Sheraton Benin City, Four Points by Sheraton Ibadan, Four Points by Sheraton Ikeja and Le Meridien Ikoyi Towers, which is expected to have 340 rooms and 125 apartments.
When the five new hotels come onboard by 2017, they will increase the total number of hotels under the portfolio of the brand in Nigeria to 10. Currently, the global hotel chain operates five hotels in Nigeria including Sheraton Lagos Hotel, Sheraton Abuja Hotel, Four Points by Sheraton Lekki-Lagos, Le Meridien Ibom Hotel & Golf Resort and Le Meridien Ogeyi Place.
Owned by the Akwa Ibom State Government, Four Points by Sheraton Ikot Ekpene is scheduled to debut in 2015.