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HOTEL LEASE
22ROOMS HOTEL WITH GYM, SWIMMING POOL AND EVENT LOUNGE
Location: Joel Ogunaike, GRA Ikeja, Lagos
Event Lounge / Function
Executive Summary
An attractive, fully fitted 22‑room hotel in the prestigious GRA Ikeja precinct is available for long‑term lease.
The property features guest rooms, a gym, a dedicated swimming pool, and a hotel lounge/function space
--- ideal for boutique hotel operators, leisure brands, corporate hospitality groups, investor‑operators seeking immediate market entry in a high‑demand location.
Investment & Operational Highlights
- Prime GRA Ikeja location on Joel Ogunaike --- excellent accessibility and strong demand from corporate and leisure travellers.
- Turnkey hotel operation: 22 guest rooms ready for immediate letting (subject to handover).
- Amenities include gymnasium, outdoor/indoor swimming pool, and a dedicated hotel lounge/function space.
- Attractive lease term suitable for brand operators seeking long‑term presence without capital acquisition.
- Ideal for conversion to boutique lifestyle, business hotel, or premium short‑stay accommodation.
Property Specifications & Facilities
- Guest Rooms: 22 rooms (mix and sizing to be confirmed on inspection; typically combination of standard and executive rooms).
- Leisure Facilities: Fully equipped gym; swimming pool with guest deck.
- Events: Hotel lounge / function area available for private booking.
- Food & Beverage: Onsite restaurant / breakfast service potential (confirm existing kitchen specification).
- Back of House: Staff rooms/quarters, laundry, storage and service areas (subject to verification).
- Parking: Onsite guest and staff parking (capacity to be confirmed).
- Title & Compliance: Leasehold / landlord‑managed asset --- title and regulatory compliance documentation to be provided during due diligence.
Location & Accessibility
- Situated within GRA Ikeja --- a sought‑after, secure residential and commercial district with close proximity to corporate offices, government institutions, shopping centres and transport links.
- Easy access to Allen Avenue, Obafemi Awolowo / Ogundana and the wider Ikeja business district.
Revenue Potential & Use Cases
- Core revenue streams: room nights, F&B, events/lounge hire, meetings and ancillary services.
- Strong catchment: corporate travelers, event hosts, short‑stay tourists and visiting professionals.
- Opportunity to increase ADR and occupancy through active sales, corporate contracts and digital distribution channels.
Lease Terms & Requirements
Annual Rent: TO BE DISCUSSED
- Minimum Lease Duration: 10 years.
- Security Deposit, Rent Payment Terms and Fit‑out responsibilities to be agreed during negotiation.
- Interested parties should be financially pre‑qualified; proof of funds and operator credentials will be required.
CONTACT: HIGHBROW REALTY
08164941485
Property Ref: 3109254 | Last Updated: 23 Sep 2025 | Market Status: Available |
Type: Hotel / Guest House | Bedrooms: 22 | Bathrooms: 22 |
Toilets: 22 | Parking Spaces: 40 | Furnishing: Furnished |
Surprisingly, Ikeja GRA was designed for residential life but has since become very commercialised. A lot of the "old monies" of Lagos’ mainland still live in Ikeja GRA, and yes, they still golf at the Ikeja Golf club. Lagos has many government buildings and offices. Many government executives picked Ikeja GRA because of its convenient commute. Ikeja GRA is one of Lagos's safest areas due to the government's presence.
Ikeja GRA has all the amenities its inhabitants need, so they never have to leave their comfort zone. Marriott, Radisson Blu, and BON Hotel Ikeja are nearby hotels. Prince Ebeano supermarket and pharmacy has all your normal and hard-to-find groceries.
Ikeja GRA has a lot of beautiful and well-constructed estates with great ambience and value for every dime spent to either rent or buy a house in the area. Some of the popular estates in Ikeja GRA include Orchid court, Millennium estate, Integrity Estate, Lonens Gardens, Greenlife Estate, Grapevine Estate, and Peace Court, amongst others.
Ikeja GRA is an area always bustling with activities at any time of the day. One does not have to travel far to the Island to unwind as they are all available in Ikeja GRA. Ikeja GRA has places like Ocean basket, Jevinik Place, La Mango Restaurant and Lounge, The Place, Metro Park, and The Orchid Bistro.
Nightlife in Ikeja GRA comes alive with top nightclubs like Rumors Night Club, Cubana Night Club, The Crescendo Lounge and Bar, Pose 24/7 Club, Sandra’s bar, and The Cave nightclub among others
Education is a set of activities that are meant to help people reach certain goals, like passing on knowledge, skills, and character traits. In a bid to achieve these goals for the residents of Ikeja GRA, a lot of schools, government and private, including missionary and Islamic-inspired schools, were established within Ikeja GRA so residents wouldn't have to cross Ikeja GRA to be schooled. These schools have international recognition and operate at high standards.
Read the full area guide for Ikeja GRA, Ikeja, Lagos.
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