Grand Hyatt Hotel was expected to have officially launched in Lagos, Nigeria over a year ago. Since 2016, nothing has been heard about the developments of the promised prestigious hotel. This begs the question, what happened to the Grand Hyatt Lagos contract and where is Grand Hyatt Lagos? Did the hike in foreign currency exchange or the economic recession in Nigeria since 2016 cause the development of Grand Hyatt to stall or halt?

The famous Churchgate Group conglomerate which is owned and operated by the popular Indian family known as the Mahtani family joined forces with Hyatt International hotel chain in 2014 to establish Grand Hyatt hotel in Lagos. It was agreed that the new hotel would be operated by the Hyatt Resorts and Hotels group. The hotel which should ideally have been formally opened by now is purported to feature 400 rooms and suites, a range of world-class restaurants, and over 2,000 m2 of conference space and ballrooms located in the Nigerian capital’s diplomatic enclave of Victoria Island on the expansive site of the former Australian High Commission at the junction of Ahmadu Bello Way and Ozumba Mbadiwe Street.

The joint project between the Church Gate Group and Hyatt International covers ultra-luxury apartments to be built in two sleek towers within the stunning 5-star Grand Hyatt Resort complex. The 133 apartments and 16 penthouse residences feature layouts up to 6,200+ square feet and will be equipped with smart lifestyle technology, luxurious finishes and spacious terraces. The residential towers are expected to include lobbies separate from the hotel, controlled elevator access and private amenities.

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Olatorera Consultancy Limited provides business development services to high net-worth individuals and companies looking to grow, enter or do business in Africa.