Hotel lease
32 Rooms hotel with GYM, swimming pool and event lounge
Location: Joel Ogunaike, GRA Ikeja, Lagos
Event Lounge / Function
Executive Summary
An attractive, fully fitted 32‑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: 32 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: 32 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
Annual rent: N450 Million Naira
Minimum of 4 years rent payable in Advance
- Lease Duration: 10 years and more
- Interested parties should be financially pre‑qualified; proof of funds and operator credentials will be required.
Contact: Highbrow Realty
08164941485
