The Rezidor Hotel Group announces its 7th hotel in Nigeria: The Park Inn Lagos, Apapa. Under construction and scheduled to open in Q1 2013.

“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.

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.

Besides 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. The surrounding area is heavily landscaped and park-like, which a major advantage in Lagos.

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.