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Nigeria: The Ascott Limited has signed a franchise agreement with developer Admiralty Hotel Company Limited and operator Aleph Hospitality for Somerset Admiralty Way Lagos.
The greenfield project will comprise 135 serviced apartments with amenities including a restaurant and bar, meeting rooms, a swimming pool and fitness centre. It is expected to open in October 2028.
With the addition, Ascott’s Africa portfolio now includes 22 properties across markets such as Kenya, Morocco, Ethiopia, Djibouti and Senegal, representing more than 2,500 units in operation and under development.
“Nigeria is one of Africa’s most dynamic hospitality markets, driven by a young population, strong private sector, and growing international connectivity,” said Vincent Miccolis, managing director for Middle East, Africa, and Turkey at The Ascott Limited.
“The signing of Somerset Admiralty WayLagos demonstrates our confidence in the country’s long-term fundamentals and marks another important step in our regional growth journey. Working with trusted partners such as Admiralty Hotel CompanyLimited and Aleph Hospitality allows us to bring Ascott’s international standards, global distribution and the well established clients base to more markets, while creating value for owners, partners, and guests alike.”
Olumide Mabawonku, managing director of Admiralty Hotel Company Limited, said: “We are proud to bring the globally trusted Somerset brand to Lagos. Our vision is to deliver a premium living experience and a truly distinctive hospitality experience that reflects the vibrancy of Lagos. Partnering with Ascott and Aleph Hospitality ensures that Somerset Admiralty Way Lagos will set new benchmarks for serviced living in Nigeria.”
Bani Haddad, founder of Aleph Hospitality, added: “We are honoured to have been entrusted with the management of Somerset Admiralty Way Lagos and to partner with The Ascott Limited on this landmark project in Nigeria. By combining our operational expertise in Africa with Ascott’s world-class standards, we look forward to delivering on our shared goal to create deliver exceptional guest experiences, optimise operations, and maximise value for the owner.”
By 2030, Ascott aims to have 15,000 units in operation or under development, doubling its regional portfolio and expanding its franchise model.
Highlights:
- The Ascott Limited has signed Somerset Admiralty Way Lagos under a franchise deal.
- Partners include developer Admiralty Hotel Company Limited and operator Aleph Hospitality.
- It will offer 135 serviced apartments with a restaurant, bar, pool, fitness centre, and meeting spaces, expected to open in October 2028.
- Ascott now has 22 properties and over 2,500 units in Africa across six key markets.
- Ascott aims to reach 15,000 units in operation or development across the region.
