The Ascott Limited, a real estate and lodging company founded in 1984, a subsidiary of CapitalLand, a relevant group based in Singapore focused on investment, development and management with locations in more than 260 cities in over 40 countries, has announced the signing of a franchising agreement for Somerset Way Lagos, serviced residences that will open in Lekki, a city in Lagos State, Nigeria located to the south - east of Lagos City, on a naturally formed peninsula adjoining to its west Victoria Island and Ikoyi districts with the Atlantic Ocean to its south, Lagos Lagoon to the north and Lekki Lagoon to its east.
The agreement was signed with Admiralty Hotel Company Limited, a Nigerian real estate development company, and Aleph Hospitality, the largest independent management company in the Middle East and Africa, a group based in Dubai, UAE with offices in Saudi Arabia specializes in operations and development of internationally recognized brands, during the FHS World event in Dubai, on 29th October 2025.
The development is part of The Ascott Limited’s strategy to expand its presence in Nigeria complementing the upcoming Citadines Purplelekki Lagos. The Somerset Way Lagos will be developed by Amiralty Hotel Company Limited and operated by Aleph Hospitality.
The project is currently in the pre - design stage, with The Ascott Limited’s Project and Technical Services team working with the appointed architect and Aleph Hospitality to ensure the compliance with brand specifications and sustainability standards.
Somerset Way Lagos will be located along Admiralty Way in Lekki, a district within Lagos, near major commercial hubs like Victoria Island, The Palms mall and Lekki Free Trade Zone. The area, a vibrant hub for shopping, dining and entertainment features a mix of modern amenities and natural attractions like the Elegushi and Lekki Beaches, the Lekki Conservation Centre with its canopy walkway, and cultural sites such as the Nike Art Gallery.
The property is scheduled to open in October 2028 and will feature 135 serviced apartments, a restaurant, a bar, a swimming pool, a fitness centre and meeting rooms.
With the addition of Somerset Admiralty Way Lagos, The Ascott Limited' s portfolio in Africa will include 22 properties across countries such as Djibouti, Ethiopia, Kenya, Morocco, and Senegal, totalling over 2.500 units in operation or under development.
This expansion aligns with Ascott’s regional strategy to achieve 20% annual growth over next five years in the Middle East, Africa, and Turkey. By 2030, the company aims to have 15.000 units in operation or under development in the region.
Lekki serves as a hub for multinational corporations and is undergoing significant infrastructure development, including the construction of the Lekki Deep Seaport and a proposed new airport.
In addition the city is very close to Lagos, Nigeria’s commercial capital, a key market for the hospitality industry, attracting over 1.3 million international visitors annually. The city’s tourism performances are marked by a vibrant and evolving entertainment scene, hosting various events, festivals and concerts throughout the year.
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