NAHCO unveils luxury hotel at Lagos airport
The Nigerian Aviation Handling Company Plc has deepened its diversification drive with the launch of a 20-room luxury airport hotel at the Murtala Muhammed International Airport, Lagos. The move underscores its transition from a traditional ground handling firm to an integrated aviation services group.
The new facility, Sapphire Hotel, located directly within the Terminal II departure area, comes as the company delivers a 2025 financial performance that saw its profit rise 40 per cent to N18bn.
The company’s unaudited results for the year ended 31 December 2025, released on the Nigerian Exchange, showed that revenue increased 21.8 per cent from N53.54bn in 2024 to N65.21bn in 2025. Gross profit climbed to N38.61bn from N33.08bn, while operating profit rose 25 per cent to N24.84bn.
Profit before tax grew 30 per cent to N24.26bn, compared to N18.70bn in the previous year. After-tax profit rose 39.91 per cent to N17.99bn from N12.87bn, pushing earnings per share up 40 per cent from N6.60 to N9.24.
The performance, achieved despite inflationary pressures, reflects improved operational efficiency and cost management, with administrative expenses largely flat at N13.89bn.
Speaking at the hotel launch, NAHCO’s Group Executive Director, Commercial and Business Development, Prince Saheed Lasisi, described the hotel as a strategic expansion of the company’s footprint within the aviation value chain.
He said the project, operated by NAHCO Travel and Hospitality Limited, represents a deliberate move to build a comprehensive travel ecosystem beyond ground handling.
“As one of Nigeria’s most reliable travel management organisations, NAHCO continues to position itself as a trusted partner for hassle-free movement. We guarantee that the guest experience at Sapphire Hotel will be second to none in the country,” Lasisi said.
According to him, the hotel was designed to provide premium comfort for international travellers, transit passengers on layovers and business executives, offering round‑the‑clock services just steps away from check‑in and boarding gates.
The Chief Executive Officer of NAHCO Travel and Hospitality Limited, Ms Ruky Ogbetuo, said the facility features high‑end furnished rooms, an on‑site business office, a workout area, laundry services and complimentary breakfast, alongside diverse lunch and dinner options.
She added that the hotel’s proximity to the 127‑seat Sapphire Lounge, which includes a VVIP section and a dedicated prayer area, enhances its appeal to premium passengers seeking convenience and exclusivity.
Industry stakeholders who attended the launch, including officials of the Federal Airports Authority of Nigeria and representatives of international airlines, described the initiative as a significant private‑sector investment within Nigeria’s airport infrastructure.
Analysts say the move could strengthen NAHCO’s non‑aeronautical revenue stream and improve earnings stability.
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