Operational 55 Bedroom Hotel+event Centre+ Conference Centre On Offer

For Sale --- Operating Hotel Asset:
55 Rooms + Events & Conference Facilities on 5383sqm ---
Galilee Street, Iju‑Ishaga (Obawole), Lagos
₦1,200,000,000

Overview: Rare hospitality opportunity in Iju‑Ishaga: a sizable hotel compound on nine plots offering 55 guest rooms, extensive events facilities and leisure amenities. The property includes two event halls, two conference halls, an open bar, swimming pool, dedicated gym house and a large on‑site car park --- positioned for immediate operation, expansion or conversion. Priced at ₦1.2 billion, this is attractive to hotel operators, investors or corporate groups seeking scale in a growth corridor.

Property snapshot

- Asset: Hotel compound (operational / turnkey condition to be confirmed)
- Accommodation: 55 rooms (mix of standard and suites --- exact room mix available on request)
- Facilities: 2 event halls, 2 conference halls, open bar, swimming pool, gym house
- Land: 9 plots (contiguous compound) --- generous external space and large car park
- Location: Galilee Street, Iju‑Ishaga (Obawole), Lagos State --- accessible urban location with local demand drivers
- Asking price: ₦1,200,000,000 (One billion, two hundred million Naira)
- Title & docs: Available on request (certified title and operational paperwork to be provided to qualified buyers)

Why this asset stands out

- Scale & flexibility: 55 rooms plus multiple F&B and events spaces enable diversified revenue streams (rooms, conferences, weddings, corporate events).
- Immediate trading potential: existing infrastructure and amenities reduce time‑to‑income for an experienced operator.
- Development upside: extensive landholding allows expansion, additional facilities or partial redevelopment into mixed‑use product.
- Parking & logistics: large dedicated car park supports high‑capacity events and reduces operational constraints.

Potential uses

- Continue as full‑service hotel with reinforced marketing to corporate and events markets
- Boutique conference & events campus with dedicated wedding / corporate offerings
- Operator conversion to serviced apartments or staff housing for nearby businesses
- Mixed‑use redevelopment combining hospitality, retail and residential (subject to approvals)

Information available to qualified buyers

- Certified title documents, site survey and property dossier (available on request following pre‑qualification)
- Operational records: current occupancy and revenue data, staffing and P&L (if available) --- to be shared under NDA
- As‑built plans and specification of M&E systems, pool and back‑of‑house facilities

Recommended due diligence checklist

- Legal: verify title, chain of ownership and any encumbrances; review licences and land use consent.
- Operational: confirm occupancy history, bookings, vendor contracts and staff arrangements (where applicable).
- Technical: MEP survey (generators, HVAC, plumbing), structural check, pool & water systems inspection and lifts (if any).
- Safety & compliance: fire safety certification, building approvals, health & hygiene licences for F&B and swimming pool compliance.
- Environmental: basic screening and waste management review for high‑capacity events site.
- Financial: review historic financials, rates & levies, outstanding debts and statutory obligations.

Indicative sale process

1. Submit expression of interest (EOI) with proof of funds and company profile.
2. Qualified parties sign NDA and receive the data pack (title, plans, operational info where provided).
3. Site inspection and technical review by shortlisted buyers/consultants.
4. Negotiate Heads of Terms, deposit and completion mechanics; proceed to solicitor‑led conveyancing.
Note
All information is provided in good faith. Prospective buyers must carry out independent legal, technical and financial due diligence. Price and availability are subject to prior sale and negotiation.

Ref: Nnedu