Sujimoto unveils 49-storey Isabella hotel with $150,000 suite-ownership model
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Sujimoto Group has announced a 49-storey luxury hotel in Lagos that would sell individual suites to investors from $150,000, as it positions the project as Nigeria's tallest hotel.
Sujimoto Group has unveiled plans for a 49-storey luxury hotel, Isabella de' Medici by Sujimoto, which the Lagos developer says is conceived to become Nigeria's tallest and most luxurious hotel.
The project combines luxury hospitality, leisure and private hotel-suite ownership, with investors able to acquire individual suites for personal use or for participation in a professionally managed rental pool. Prices for 45-square-metre deluxe suites start at $150,000 during the pre-launch phase, rising to $210,000 at groundbreaking and as much as $600,000 upon completion, depending on construction stage.
Sujimoto said founding investors would be able to name suites after themselves and get up to 21 days of personal use annually, subject to the terms of the proposed managed rental pool. The company projects annual rental income of up to $30,000 on a $150,000 suite, a potential yield of about 20 per cent, and returns on equity of up to 300 per cent by completion. It acknowledged that the projections are estimates and are not guaranteed.
Planned features include a sculptural KRION facade, a lobby aquarium the company describes as potentially Africa's largest hotel-lobby aquarium, a hanging infinity pool on the 35th floor, international restaurants, luxury boutiques, wellness facilities, a private cinema, casino, billiards lounge and sky bar.
The announcement comes as Sujimoto moves towards completing Lucrezia by Sujimoto, a 15-storey residential development of four-bedroom maisonettes and penthouses on Banana Island, where homeowners have begun taking possession. Group Managing Director Dr Sijibomi Ogundele said rising construction costs, exchange-rate volatility, borrowing obligations and regulatory hurdles had put the Lucrezia project under significant pressure.
Sujimoto said the experience had prompted stricter financial controls for Isabella, including more prudent borrowing, aligning commitments with available funding and financial safeguards at construction milestones. The new hotel's delivery timeline and financing arrangements have not been disclosed.