Premium Hotel Investment Opportunity On 8500sqm Land On Offer

FOR SALE-

Premium Hotel Investment Opportunity ---
Prime Ikeja GRA
8,500 sqm (c.2 acres) ---
Certificate of Occupancy ---
₦15,000,000,000

Overview
Rare institutional‑grade hotel asset in the heart of Ikeja GRA. Occupying c.8,500 sqm (approximately 2 acres) on a secure, high‑profile site, this property is a fully configured hospitality complex with extensive room inventory, banquet and conference facilities, restaurant and guest amenities, dedicated transformer and ample parking --- positioned for immediate operation, repositioning or conversion to a mixed hospitality/residential investment.

Asking Price
₦15,000,000,000 (Fifteen Billion Naira)

Title & possession

- Title: Certificate of Occupancy (C of O) --- originals available for verification
- Possession: Vacant or tradeable (status to be confirmed during inspection & NDA)

Site & location

- Location: Inside Ikeja GRA --- premium Lagos address with strong corporate, diplomatic and leisure catchment
- Land area: 8,500 sqm (c.2 acres) --- level, fenced and secure compound with multiple access points and excellent frontage

Property description & accommodation schedule (summary)

- Approximate total rooms: c.135 rooms (comprehensive room mix across multiple floors; exact breakdown provided below)
- 68 Standard guest rooms (second floor)
- 24 Master / Royal rooms
- 10 Deluxe rooms (courtyard level)
- 13 Executive suites (topmost floor)
- 10 Business suites (ground / lower floor)
- 10 Standard rooms (near lift / service core)
- Public & amenity spaces: large restaurant, expansive open lounge, multiple bars/F&B points
- Conference & events: main conference hall (capacity 560--700 pax) plus a secondary conference room (≈100 pax) --- fully functional for large events, corporate conferences and banqueting
- Other facilities: modern passenger elevators, MD/Manager's suite, back‑of‑house kitchens, laundry and staff accommodation infrastructure
- Services & utilities: dedicated transformer ensuring stable power supply; multiple service yards for deliveries and tankers
- Parking: Ample on‑site parking provision suitable for guests, events and staff

Investment highlights

- Trophy asset in an irreplaceable GRA location --- strong demand drivers from corporate bookings, events, conferences and leisure travellers.
- Large banquet capacity and secondary conference room provide diversified revenue streams (events, weddings, corporate functions).
- Substantial room inventory supports high turnover and economies of scale for operations and F&B.
- Ready for brand takeover, re‑branding, asset management by an international operator or conversion into serviced residences/aparthotel if required.
- Clean C of O title and robust estate security support bankability and institutional financing.

Commercial & operational potential

- Immediate operator play: continue as an income‑producing hotel with repositioning, upsell and marketing to increase RevPAR.
- Rebrand/Franchise: attractive for international or regional hotel brands seeking a flagship presence in Lagos.
- Asset recycling: convert portions to serviced apartments or long‑stay suites to capture corporate and expatriate demand.
- Event & conferencing hub: capitalise on banquet capacity to host large conferences, exhibitions and private events.

Technical & due diligence notes

- Full technical pack available to qualified buyers: title documents, site survey, as‑built drawings, service records, utility confirmation and inventory list.
- Recommended buyer due diligence: legal title search; structural & MEP inspection; fire & life‑safety audit; transformer & power capacity check; site survey and planning/zoning assessment; environmental screening where applicable.

Buyer profile sought

- Hotel operators and branded chains seeking immediate Lagos presence
- Institutional investors, REITs and private equity funds targeting trophy hospitality assets
- Strategic acquirers aiming to convert to mixed‑use or serviced apartment models

Transaction process & next steps

1. Submit Expression of Interest (EOI) with proof of funds (POF) or bank reference.
2. Execute NDA to receive the detailed data room.
3. Arrange site inspection and technical walk‑through for shortlisted parties.
4. Submit indicative offer and proposed deal structure; negotiate Heads of Terms.
5. Proceed to legal & technical due diligence, exchange and completion.

Confidentiality & contact
This is a targeted sale to serious, qualified buyers. Full documentation and access will be released to shortlisted parties on receipt of POF and a signed confidentiality agreement.

Legal disclaimer
Information provided is indicative and supplied in good faith. Prospective purchasers must undertake independent legal, technical and financial due diligence. Price, availability and particulars may change without notice.

Ref: Daka