117 bedroom hotel / guest house for sale
Assibifi Road, Ikeja, Lagos
For sale- investment sale (hotel asset)
1. executive summary
- property: protea hotel select ikeja (phs ikeja) --- upper mid‑scale, branded hotel asset
- opportunity: fully operational hotel with established trading history and strong corporate client base --- ideal for institutional investors, hotel operators, or investors seeking a stabilized hospitality asset in lagos
- asking price: ₦20,000,000,000 (twenty billion naira)
- note: serious clients only --- viewings by appointment; proof of funds/id and nda required
1. location & accessibility
- address: assibifi road, ikeja, lagos (prime commercial/business district)
- market catchment: central ikeja --- close to government institutions, corporate offices, shopping malls and medical facilities
- connectivity: excellent access to local and international airports (under 10 minutes' drive), major highways and transport hubs
1. property overview & key specifications
- land area: 5,742 sqm
- building: 4 floors comprising 117 rooms and suites (branded and operated under protea by marriott management)
- establishment: in operation since 2014 with consistent demand from transit, corporate and medical travellers
1. amenities & facilities
- 24‑hour security and cctv systems
- outdoor swimming pool
- fully equipped gym/fitness centre
- laundry services and secure free parking for guests
- conference facilities with state‑of‑the‑art technology accommodating up to 150 delegates
- guest services aligned to branded standards (front desk, f&b outlets, events & banqueting)
1. operational highlights & revenue drivers
- stable trading performance since opening with strong occupancy levels (established recurring patronage)
- long‑term room‑night agreements and corporate contracts with airlines, oil & gas firms, fmcgs, ngos, financial institutions and travel agents
- corporate accounts contribute approximately 50% of annual occupancy --- providing predictable demand and revenue stability
- high concentration of mid‑to‑high income residential and blue‑chip corporate catchment in the immediate area
1. investment rationale
- prime location in ikeja --- one of lagos's leading business & transit nodes, driving consistent hotel demand
- branded asset with established operating history and corporate contracts --- reduces market and operational risk
- attractive for repositioning, portfolio consolidation, sale‑and‑leaseback or continued operation under established management
- proximity to airports and commercial centres enhances both corporate and transient demand streams
1. title, documentation & condition
- operational asset under management (detailed legal, technical and financial documents available upon request)
- interested parties will be provided with financial statements, occupancy & adr history, management agreements and title documents following nda and proof of funds
1. pricing & transaction process
- asking price: ₦20,000,000,000 (twenty billion naira) --- priced for immediate acquisition of a stabilized branded hotel asset
- transaction: direct sale --- terms and structure to be negotiated with seller; preferred buyers: institutional investors, hotel groups, strategic investors
confidentiality: viewings and document access strictly by appointment following verification of credentials
serious investors and hotel operators only. don't miss this rare opportunity to acquire a high‑performing branded hotel in the heart of ikeja --- strong cashflow, strategic location and established corporate demand.
ref: ef...
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₦20,000,000,000
The Build Centre Properties
09028190510