Mövenpick Hotels & Resorts is planning to open its first property in Nigeria, reportedly one of the largest economies in Africa.
The company has signed a deal with Queen Amina Garden Ventures, a wholly owned subsidiary of Urban Shelter, a Nigerian property development company, to manage the 250-room Mövenpick Hotel and Conference Centre Abuja.
With a projected launch date of early 2019, the upscale hotel will be Mövenpick Hotels & Resorts’ third property to open in West Africa.
“Nigeria is Africa’s economic powerhouse with a GDP of $568.5 billion and a population of 177.5 million in 2014, according the World Bank.
“It is the world’s 20th largest economy, its eighth largest oil exporter and by 2050, will become the third most populated nation after China and India with an estimated 440 million inhabitants,” Alan O’Dea, senior vice president Africa, Mövenpick Hotels & Resorts, said in a statement.
“Opening a property in the thriving modern capital, Abuja, the country’s political hub, home to foreign embassies, global oil exporting companies as well as OPEC’s regional headquarters, is a strategic move that truly capitalises on the city’s strong growth in trade and business.”