Hotel / guest house for sale
50-Room Hotel
Hotel for sale in wuse 2, abuja 50-Room Hotel with Additional Telecommunications Revenue Location: Wuse 2, Abuja, Federal Capital Territory, Nigeria Property Type: Commercial Hospitality Property Status: Existing hotel requiring modernization and refurbishment Property Overview An excellent investment opportunity to acquire a strategically located 50-room hotel in Wuse 2, one of Abuja's established commercial and hospitality districts. The property offers significant potential for an investor seeking to enter the hospitality industry, expand an existing hotel portfolio, or reposition an established building into a modern boutique hotel or business-class hospitality destination. The hotel features a multi-storey building with essential hospitality infrastructure, including guest accommodation, an elevator, restaurant and bar facilities, and other basic amenities to support hotel operations. Its location makes it suitable for business travellers, corporate guests, tourists, and private events. While the property would benefit from a modern upgrade to its rooms, interiors, facilities, and overall guest experience, it presents an opportunity for a new owner to renovate and reposition the hotel to meet contemporary hospitality standards and potentially improve occupancy rates and room revenue. Key Property Features 50 guest rooms with potential for refurbishment and modernization. Elevator access serving the multi-storey building. Restaurant facility with potential to develop a full-service dining experience. Bar facility with potential for enhanced food and beverage revenue. Existing building infrastructure suitable for hospitality operations, subject to inspection and verification. Strategically positioned in Wuse 2, Abuja, with access to the district's commercial activities and surrounding business establishments. Rooftop telecommunications installations providing an additional income stream. Major Investment Advantage: Telecommunications Income a particularly attractive feature of this property is the presence of telecommunications network installations on the rooftop, reportedly associated with MTN and Globacom (Glo). According to the information provided, these installations generate approximately ₦30 million in additional annual revenue for the property owner, separate from potential income from hotel operations. This recurring income could provide an additional financial benefit to an investor while the hotel undergoes renovation and repositioning. Note: The reported ₦30 million revenue should be verified against the existing lease agreements, payment records, contract duration, and applicable rooftop access and maintenance arrangements. Confirm whether this amount represents gross annual receipts or net income. Modernization and Value-Addition Potential The property offers an opportunity for an investor to upgrade the hotel into a more competitive hospitality destination. Potential improvements include: Modern guest rooms, bathrooms, furnishings, and interior finishes. Upgraded air-conditioning, electrical, plumbing, and lighting systems. Improved reception, lobby, and guest waiting areas. Renovated restaurant and bar facilities. Enhanced security, fire-safety systems, and guest access controls. Reliable internet connectivity and modern hotel management systems. Improved branding, online booking presence, and corporate accommodation partnerships. Subject to a professional building inspection and the required approvals, these improvements could strengthen the property's appeal to corporate clients, business travellers, and other hospitality customers. Investment Highlights 1. Established Abuja location: Situated in Wuse 2, a recognized commercial and business district. 2. 50-room capacity: Provides a foundation for developing accommodation and hospitality revenue. 3. Existing facilities: Elevator, restaurant, bar, and building infrastructure offer a starting point for redevelopment. 4. Additional income stream: Reported annual telecommunications revenue of approximately ₦30 million. 5. Value-enhancement opportunity: Modernization offers scope to reposition the hotel and pursue stronger operating performance. Ideal Buyer Profile This property may appeal to hotel operators, real estate investors, hospitality groups, corporate investors, and developers seeking a hotel asset with refurbishment potential and an additional telecommunications-related income stream. Sale Opportunity a 50-room hotel in Wuse 2, Abuja, offering an opportunity to acquire an existing hospitality property with modernization potential and reported recurring rooftop telecommunications revenue. Price: Available on request. Inspections: By appointment. Further information: Contact the authorized selling agent for the asking price, property documentation, financial records, and inspection arrangements.