Hostel for sale
62-Room Functional Hotel Property
Property Details Property: 62-Room Hotel & Suites Location: By Pinnacle Filling Station, Maruwa, Lekki, Lagos Land Size: 1,100 SQM Asking Price: ₦2.5 Billion Transaction: Sale Title: Certificate of Occupancy (C of O) Property Type: Functional Hotel zahari view An operational 62-room hotel and suites on approximately 1,100 SQM in Maruwa, Lekki, presenting an opportunity to acquire an existing hospitality asset rather than starting a hotel project from the ground up. The property is positioned by Pinnacle Filling Station, Maruwa, Lekki, and comes with a stated C of O. Its existing configuration includes 62 en-suite rooms alongside supporting commercial and hospitality facilities. For an investor or hospitality operator, the attraction of an operational property is that the acquisition can be evaluated around an existing physical asset and hotel setup. However, the actual commercial performance of the business should be independently established through proper review of financial, operational and legal records. Key facilities 62 En-Suite Rooms Mini Supermarket Bar Parking Facilities Approximately 1,100 SQM land area Functional hotel operation C of O title WHY this property deserves attention Unlike vacant land, this opportunity involves an existing hotel operation with 62 rooms, allowing prospective buyers to assess an established hospitality asset and its existing facilities. The number of rooms provides meaningful scale for an investor evaluating a hotel business, while the inclusion of a mini supermarket, bar and parking facilities adds supporting components to the property. The 1,100 SQM land size should also be considered alongside the existing building footprint, parking arrangement, circulation, room configuration and other physical characteristics of the property. For a serious buyer, the key question should not only be the asking price but also how the existing asset performs commercially, what condition the facilities are in, and what additional capital expenditure may be required after acquisition. Hospitality Investment Perspective a hotel acquisition involves two connected considerations: the real estate and the operating business. Prospective buyers should therefore assess the property's physical condition alongside its operational performance. Important areas of review may include historical occupancy, room rates, revenue records, operating expenses, staffing costs, maintenance requirements and the performance of the various supporting facilities. Where the hotel is being acquired as a going concern, buyers should also establish exactly what is included in the transaction and whether relevant licences, permits, registrations, equipment and operational assets are transferable. The information supplied states that the property is functional. Buyers should independently confirm the current operating status during inspection and due diligence. Investor's due-diligence note Before committing funds, serious investors should review: C of O and underlying title documentation Ownership and authority to sell Survey and exact land boundaries Building approvals and relevant planning documentation Hotel licences and applicable regulatory requirements Existing tenancy or commercial agreements, where applicable Hotel financial records Occupancy and revenue history Operating expenses Staff and management arrangements Physical condition of rooms and facilities Existing equipment and fixtures included in the sale Outstanding liabilities or encumbrances Required maintenance and capital expenditure Parking and access arrangements a physical inspection should be conducted alongside independent legal, financial and technical due diligence. Documentation Title: Certificate of Occupancy (C of O) The stated documentation should be independently verified before any financial commitment is made. Asking price ₦2,500,000,000 For investors, hotel operators and buyers evaluating an existing hospitality asset in Lekki, this property can be inspected and assessed based on its physical condition, documentation and operating records. Property intelligence beyond the listing At Zahari Properties, we believe acquiring a commercial property requires more than reviewing the number of rooms and asking price. For a functional hotel, the property, business operation and financial performance should be considered together. Proper due diligence can help a buyer understand the asset's current position, potential obligations and the capital required after acquisition. For Enquiries & Inspections +234 803 384 8156 +234 907 301 3359 www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer: Property information, pricing, operational status, facilities and documentation are subject to verification. Prospective buyers should conduct independent legal, financial, technical and physical due diligence before completing any transaction.
