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An up-market, boutique, luxury hotel is available (by private placement only) as a viable investment opportunity.
Project Location: Nos. 1 & 2 Kwara Street, Osborne Foreshore, Ikoyi, Lagos.
Land Title: Two Certificates of Occupancy registered at the Federal Lands Registry, as:
Property Layout: The properties are seating on approximately 3,000 Sq M of land. They are adjoining corner pieces, bordered by three roads - Ibadan Street, Kwara Street, and Ondo Street - giving the project a "stand-alone" character and, therefore, flexible usage. The entire premises consist of 3 structures, each having independent foundations: two buildings (on 4 floors) sandwiching another two-floor structure that hosts the rooftop swimming pool and 2 movie theatres.
A. The hotel emphasizes style, anonymity and privacy. It is designed to serve the upper market segment, which includes high-ranking and high networth individuals, Corporates and Governments and their Agencies.
B. It is 90% completed (including consumables) and should be ready for operation within 90 days.
C. Upon completion, the project will feature the following:
Two-wing, three-floor building of 42-Bedrooms (16 of them convertible to 1,2 or 3 bedroom suites), with contemporary lounging and dining facilities on both wings.
Two Executive Theatres/Amphitheaters (commercial, big screen cinema) with digital projections and screens.
Two Conference Halls - up to 50 seaters.
Rooftop Swimming pool (18 meters long, 8 meters wide and 12 feet at the deep-end), embedded in a huge garden with synthetic grass floor, dotted with gazebos and Water cascades.
24-hour rooftop entertainment lounge (indoor)
Poolside garden and entertainment center (outdoor)
Ground floor Jacuzzi pool, which collects water cascading from a waterfall - mountain inspired!
External walls, floors plus bathrooms fully cladded in quality granite & marble.
Commercial dry cleaning & laundry.
Cold Rooms (3 nos.)
Gymnasium & spa.
Parking spaces for more than thirty cars.
D. Embossed towels, customized toiletries, beddings, and other consumables (6 months supply)
E. Annual cashflow, conservatively projected to be between N0.7Billion and N1Billion, from five discernible profit centers, viz:
Two executive movie theatres
Two Conference Halls
Rooftop entertainment Lounge, Pool & garden bar.
42 nos. Bedrooms.
Food & Beverages.
Commercial/Industrial dry cleaning & laundry
F. Asking price is $8m (or its equivalence in Naira and any other acceptable currency)
G. Payment options include:
Installment/Staggered payment, the 1st being equal or more than 50% of value.
Payment - in any currency.
Other variations may be acceptable, only after direct discussion between seller and a real investor.
H. Title transfer could be:
By shares (a faster, cheaper & more private option), or
By Deed (a time wasting, costly, inflexible & open option)
|Property Ref: 594207||Added On: 11 Mar 2020||Last Updated: 11 Mar 2020|
|Market Status: Available||Type: Hotel / Guest House||Bedrooms: 42|
|Bathrooms: 42||Total Area: 3,000 sqm|
Kwara Street., Osborne, Ikoyi, Lagos
Interested in this property?