13 — City Strategy
Nigeria's most vital cities. Underserved luxury residential markets. First-mover advantage.
Nigeria's diaspora capital — the city recording the highest return migration rate in the South-East. Over the past decade, Owerri has become the destination of choice for high-net-worth Nigerians reconnecting with their heritage. Yet the luxury residential hospitality infrastructure to serve them has never existed — until now.
The H Residencies OW-1 arrives as the first and only offering of its kind in Owerri — establishing the benchmark against which all future developments will be measured.
| Year | Occ. | Revenue | EBITDA | Margin |
|---|---|---|---|---|
| Year 1 | 65% | ₦1.6B | ₦590M | 38% |
| Year 2 | 72% | ₦1.7B | ₦640M | 38% |
| Year 3 | 78% | ₦1.8B | ₦720M | 40% |
| Year 4 | 82% | ₦1.85B | ₦740M | 40% |
| Year 5 | 85% | ₦1.9B | ₦800M | 42% |
Nigeria's federal capital — home to embassies, high commissions, multinational headquarters, and the country's most influential residential and business community. Abuja commands the highest average daily rates in The H Residencies portfolio and carries the most significant institutional demand.
With 44 units, AB-1 is the largest and most ambitious development in the portfolio. Eleven Three Bedroom residences make it the preferred address for ambassadors and senior government officials.
| Year | Occ. | Revenue | EBITDA | Margin |
|---|---|---|---|---|
| Year 1 | 65% | ₦2.2B | ₦820M | 38% |
| Year 2 | 72% | ₦2.3B | ₦890M | 38% |
| Year 3 | 78% | ₦2.5B | ₦990M | 40% |
| Year 4 | 82% | ₦2.6B | ₦1.03B | 40% |
| Year 5 | 85% | ₦2.65B | ₦1.11B | 42% |
Nigeria's energy capital — home to the country's largest expatriate professional workforce. Shell, Chevron, TotalEnergies, Baker Hughes, Halliburton, and dozens of their contractors all maintain major operations in Port Harcourt. These organisations house thousands of senior professionals whose expectations are global — and whose current accommodation options fall far short.
PH-1's proximity to the oil and gas sector creates a unique opportunity for USD-denominated corporate contracts — providing hard-currency revenue and meaningful protection against naira depreciation.
| Year | Occ. | Revenue | EBITDA | Margin |
|---|---|---|---|---|
| Year 1 | 65% | ₦1.6B | ₦590M | 38% |
| Year 2 | 72% | ₦1.7B | ₦640M | 38% |
| Year 3 | 78% | ₦1.8B | ₦720M | 40% |
| Year 4 | 82% | ₦1.85B | ₦740M | 40% |
| Year 5 | 85% | ₦1.9B | ₦800M | 42% |