First things to note in hotel business is to get a very good location in any of these commercial states: Abuja, Lagos, Cross Rivers, Ogun, Oyo, Kano, Jos, Ondo, Rivers State and so on.

The next step is to also get a land size that would comfortably accommodate the hotel, car park, outside bar, swimming pool if the need be and other things.

The cost of land very from State to State and also varies more on the location within the State. The average price of land for sale in Nigeria is ₦4,980,000 per plot. The most expensive land costs ₦130,000,000 per plot.

The cost of building hotel in Nigeria can be very high, medium or low depending on the style, furniture grades, sanitary wares grades, floor types, wall types and designs and so many other building effects that would be considered in building the hotel.

The average cost of building hotel in Nigeria is from ₦10,000,000 and above. To build a small hotel of 12 Nos of single rooms on a full plot of land in Nigeria will cost you noting less than #10m (₦10,000,000).

In location like Abuja, Lagos or Rivers State, you can spend as much as ₦200,000,000, ₦300,000,000, ₦500,000,000 and even a billion naira to have a good, beautiful and international standard hotel.

The cost of building hotel in Nigeria can be classified according to their sizes, number of rooms, the locations, the quality of services they render, and beautification. Lest examine how much it cost you to build any hotel business in Nigeria.

To build 20 rooms capacity hotel vary from one location to the other. The cost to build a decently spaced 20 rooms hotel in Nigeria is ₦50,000,000 depending on the style, furniture grades, sanitary wares grades, floor types, wall types and designs and so many other building effects that would be considered in building the hotel.
Source: https://www.schooldrillers.com/cost-of-building-hotel-in-nigeria/.---- Hotel Startup Cost in Nigeria.