Home » Nigerian Logistics tycoon Taiwo Afolabi launches $118-million Lagos Marriott Hotel in Ikeja

Nigerian Logistics tycoon Taiwo Afolabi launches $118-million Lagos Marriott Hotel in Ikeja

by Editorial Team

Nigerian tycoon Taiwo Afolabi’s SIFAX Group has launched a N45-billion ($118.4 million) luxurious hospitality outfit in Lagos dubbed Lagos Marriott Hotel, Ikeja. 

The Nation quoted the new facility’s Managing Director Janse Van Rensburg as saying that the hotel is a partnership between SIFAX Group and Marriott International, a renowned global hotel brand.

The premium hotel, which took six years to put together, is located at the GRA, Ikeja axis of Lagos, a central point to Nigeria’s local and international airports. It is a 250-bed, five-star hotel built on 11 floors fully embellished with modern facilities. 

Suffice it to say, Afolabi and his partners prioritized the needs of air travel professionals while putting the outfit together. It has an exclusive flight crew lounge dedicated to catering to these individuals. 

Marriott Lagos has VIP lounges, a 1,000-person capacity ballroom, executive meeting rooms, a 400-person capacity car park, 206 standard rooms and 44 suites. Other unique features include three presidential suites, a well-equipped gym, continental restaurants, and more that would serve the needs of high-profile customers and dignitaries. 

“The unique selling propositions of this hotel are the various amazing products we offer our clients, which are non-existent in the country’s hospitality industry. The security of our guests is very paramount to us, and that’s why every door and window in the facility is bomb-proof. Our pricing is also very commensurate with the quality that we offer,” Van Rensburg said.

He added that the hotel falls within the classic premium category of the Marriott quality ranking. It will be managed by the franchise owner, Marriott Hotel, for quality assurance purposes.


SIFAX Group is a conglomerate founded by Afolabi, a Nigerian lawyer and entrepreneur, in 1988. It has interests spanning aviation, oil and gas, maritime, haulage and logistics and hospitality.

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