Rezidor Signs 7th Hotel in Nigeria

Rezidor has signed its 7th hotel in Nigeria, the Park Inn Lagos, Apapa, which will feature 125 rooms when it opens in Q1 2013.

Besides the 125 guestrooms, the new Park Inn will comprise an all day dining restaurant, a sports bar, 330 m2 of meeting space, an outdoor swimming pool and a fitness centre.

Lagos is one of the most dynamic hotel markets in Africa – but still lacking internationally branded hotel rooms as a result of a surging economy buoyed by high oil prices and high barriers to entry limiting hotel development. Apapa is the major port of the city of Lagos and has a high concentration of businesses related to shipping and petroleum.

“Nigeria is one of our key markets in Africa and extremely suitable for our dynamic mid-market brand Park Inn by Radisson. We are already developing a Park Inn in Lagos, Ikeja and have also established the brand in Abuja and Abeokuta,” said Kurt Ritter, President & CEO of Rezidor. 

Rezidor has identified the emerging markets of Africa as a focus area for future business development; the group currently has the largest pipeline in Sub-Saharan Africa and develops its core brands Radisson Blu (upper upscale) and Park Inn by Radisson (mid market) across the continent. Future openings include hotels in Addis Ababa/Ethiopia, Lusaka/Zambia, Kigali/Rwanda and Tete/Mozambique.

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