Operational 5-star Hotel & Luxury Apartment Complex
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Property Description
Operational 5-Star Hotel & Luxury Apartment Complex For Sale in Victoria Island
4,000 SQM Land 7 Floors 80 Rooms Off Adeola Odeku, VI ₦7.5 Billion (Slightly Negotiable)
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Property Overview
- Property Type: 5-Star Hotel with Luxury Apartments
- Land Size: 4,000 SQM
- Location: Off Adeola Odeku Street, Victoria Island, Lagos
- Price: ₦7,500,000,000 (Slightly Negotiable)
- Title: Lagos State C of O
- Floors: 7 Floors with Elevators
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Hotel Features & Capacity
- Superior Rooms: 50 rooms across 6 floors in main building
- Luxury Apartments: 30 attached apartment units
- Dining & Retail:
- Restaurant space
- Pastry shop
- Event Facilities: Large capacity event halls
- Recreation:
- Olympic-sized swimming pool
- Gym space
- Services:
- Laundry room
- 24/7 power supply (Generator + Transformer)
- Borehole water system
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Key Highlights
- Turnkey Operation: Fully equipped and ready to operate
- Dual Revenue Streams: Hotel + Luxury apartments
- Prime VI Location: Off Adeola Odeku - premium corporate and diplomatic corridor
- Premium Infrastructure: All essential utilities and amenities in place
- Excellent Condition: High-quality finishing throughout
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Investment Opportunity
- Immediate Cash Flow: Ready for operations upon acquisition
- Repositioning Potential: Can be upgraded to ultra-luxury standard
- Branding Opportunity: Ideal for international hotel chain acquisition
- Multiple Exit Strategies:
- Continue as operating hotel
- Convert to luxury residential apartments
- Mixed-use corporate serviced apartments
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Location Advantages
- Premium Address: Off Adeola Odeku Street, Victoria Island
- Corporate Hub: Surrounded by multinational companies and financial institutions
- High Demand Area: Constant demand from business travelers and corporate clients
- Excellent Accessibility: Easy access to major business districts and airports
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Financial Overview
- Asking Price: ₦7.5 Billion (Slightly Negotiable)
- Land Value: Premium Victoria Island valuation
- Building Value: 7-floor structure with premium finishes
- Business Value: Established operational setup
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Target Buyers
- Hotel Chains & Operators
- Real Estate Investment Funds
- High-Net-Worth Investors
- Corporate Organizations
- International Hospitality Groups
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Exclusive Offering
This is a rare opportunity to acquire a fully-equipped 5-star hotel in Victoria Island's prime corridor.
Serious investors are invited for:
- Confidential property tour
- Financial performance review (if available)
- Structural and technical assessment
- Purchase negotiation
One of the few available operational hotel properties in central Victoria Island with dual residential potential.
Property Details
| Property Ref: 3183364 | Added On: 03 Nov 2025 | Last Updated: 03 Nov 2025 |
| Market Status: Available | Type: Hotel / Guest House | Total Area: 4,000 sqm |
| Covered Area: 4,000 sqm |
Interesting Facts
You might be wondering if Victoria Island is an actual island based on its name. No, it is not right now, but it used to be.
Victoria Island was once completely surrounded by water until the colonial government sand-filled the eastern part to prevent mosquito breeding in the swampy area. It ended up with land areas connecting Victoria Island to Lekki Peninsula after it was sand-filled.
Leisure and Shopping
Victoria Island is home to the SPAR shopping mall, which is a one-stop shop for all of your retail needs. Goodies Supermarket is another well-stocked supermarket that sells a wide variety of items such as beverages, cosmetics, wine, toys, and so on. Other shopping options include Mega Plaza, Hubmart Store, Landmark Boulevard, XYLO, and Bijoux Mall.
Popular Estates
1004 Estate, the current largest single luxury high rise estate in Sub-Saharan Africa, is located on Victoria Island.
1004 Housing Estate is an 11-hectare housing estate with over 1000 apartments that was originally owned by the Federal Government before being purchased by private investors in 2007. The estate is located in the business and recreational district of Victoria Island.
There are four swimming pools on the estate for relaxation, as well as tennis courts for sports enthusiasts. The estate is also secure, and power is always available.
Day Life
Known for being an entertainment hub, Victoria Island has numerous places to hang out, eat, chill and have a great time.
Silverbird and Filmhouse cinemas are recommended for moviegoers. Oniru Beach, located on Victoria Island, is one of the most popular beaches in Lagos. Ocean Basket is the Mediterranean's seafood mecca. The Red Door Gallery is a must-see for art enthusiasts. It can be found within the Silverbird Galleria.
Kappadocia Lagos is Lagos' first and only cave restaurant. The architectural design creates the illusion that you are in a cave.
Night Life
In Victoria Island, the night is always young. Get your dancing shoes on and choose from any of the bubbling spots to experience the nightlife here.
If you live in Lagos, you have probably heard of Club Quilox. This is one of the hottest clubs in Lagos, and many celebrities frequent it.
Othello's Lounge is located in the heart of Victoria Island. Here you can get reasonably priced drinks and chops.
At LiVE! Lounge, you can expect to see live bands, karaoke, and comedy nights. They have both indoor and outdoor seating options, depending on your preference.
Schools
If you live on Victoria Island, you will not have to look far for good schools. American International School of Lagos is an international school that serves students from preschool to grade 12. Boston Academy, Crescent Schools, Cranberry School, White Oak Preparatory School, and Kuramo College are also popular primary and secondary schools. The Nigerian Law School and the Now Open University are also located on Victoria Island (NOUN).
Read the full area guide for Victoria Island (VI), Lagos.
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No 60 Chris Idowu Street Ejigbo Isolo, Isolo, Lagos, Nigeria
0803 XXXX Show Phone
08036503218
Registered 2 months ago
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