Hotel / guest house for sale
62-Room Hotel & Suites
Distress Sale -- Fully Furnished & Functioning 62-Room Hotel in Lekki Phase 1, Lagos 62 Rooms & Suites C of O Title Land Size: 1,100 SQM Distress Price: ₦2.5 Billion ≈ ₦2.27M per Room Property Overview - Location: By Pinnacle Filling Station, Maruwa -- Lekki Right, Lekki Phase 1, Lagos. - Property Type: Fully furnished and functioning hotel with 62 rooms & suites. - Land Size: 1,100 SQM. - Title: Certificate of Occupancy (C of O). - Distress Price: ₦2,500,000,000 (motivated seller). - Status: Operational hotel, fully furnished, ready for immediate takeover. - Video & Documents: Available for immediate closure. Key Highlights - Distress Sale Opportunity: A fully functional hotel at a significantly reduced price -- rare in the Lekki Phase 1 market. - Turnkey Operation: The hotel is fully furnished and currently operating -- new owner can start generating revenue immediately. - Strong C of O Title: Full government-issued Certificate of Occupancy ensures legal security, bankability, and smooth transfer. - Prime Lekki Phase 1 Location: Walking distance to the Lekki-Epe Expressway and the major Coastal Road -- excellent connectivity and visibility. - Large Room Count: 62 rooms & suites -- significant capacity for corporate, leisure, and event-driven demand. Hotel Features & Amenities - 62 Rooms & Suites: All rooms en-suite. - Swimming Pool: Present in the compound but currently covered to create additional parking space (can be restored). - Mini Supermarket & Bar: On-site convenience and revenue stream. - Ample Parking: Space created by covering the pool, plus additional parking. - Fully Furnished: Ready for immediate operation -- no additional furnishing required. - Functional & Operating: Ongoing business -- staff, systems, and goodwill in place. Location Benefits -- Lekki Phase 1 (Maruwa -- Lekki Right) - Excellent Connectivity: Walking distance to Lekki-Epe Expressway and Coastal Road -- easy access for guests from Victoria Island, Ikoyi, Ajah, and the Lekki corridor. - High-Traffic Area: Surrounded by businesses, residential estates, and commercial activity -- strong demand for hotel services. - Proximity to Landmarks: Close to major filling stations, corporate offices, and leisure spots. - Secure & Prestigious: Lekki Phase 1 is one of Lagos's most sought-after addresses -- a premium location for hospitality. Investment Value - Distress Price: ₦2.5 Billion. - Price per Room: ≈ ₦40.3 Million per room (₦2.5B ÷ 62). - Market Context: For a fully furnished, functioning hotel with C of O in Lekki Phase 1, this is a deeply discounted price -- reflecting the seller's urgency. - Income Potential: Immediate cash flow from existing operations; upside potential by restoring the pool, upgrading facilities, or rebranding. - Capital Appreciation: Lekki Phase 1 real estate values continue to rise -- land value alone (1,100 SQM) is substantial. - Turnkey Acquisition: No construction or furnishing period -- start earning from day one. Sale Opportunity a rare opportunity to acquire a fully operational 62-room hotel in Lekki Phase 1 at a distress price. Ideal for hospitality investors, hotel chains, or high-net-worth individuals seeking an income-generating asset with strong upside. Ideal For: - Hotel & Hospitality Investors. - Corporate Organizations seeking staff accommodation or guest house. - High-Net-Worth Individuals diversifying into hospitality. - Real Estate Investors looking for a value-add turnaround. Next Steps: - Private Inspection (video available). - Documentation Review (C of O, hotel operating documents). - Purchase Negotiation. - Immediate Closing. Lekki Phase 1 + 62-Room Hotel & Suites + C of O + Fully Furnished & Functioning + Distress ₦2.5B -- a turnkey hospitality investment. Serious inquiries only -- all relevant documents available for immediate closure.
