Oniru, Victoria Island (VI), Lagos
₦2,000,000,000
| Property Ref: 3062533 | Added On: 29 Aug 2025 | Last Updated: 16 Sep 2025 |
| Market Status: Available | Type: Hotel / Guest House | Bedrooms: 21 |
| Bathrooms: 22 | Toilets: 25 | Parking Spaces: 24 |
NOTICE: *DIRECT BUYER COMMUNICATION ONLY* (NO AGENTS- NO MANDATES)
21ROOM EXECUTIVE HOTEL (ONIRU / VI)
Location: Oniru, Lagos
Land Size: 1,100 sqm
Title: Government Consent
Asking Price: 2,000,000,000 (Two Billion Naira)
Overview
Rare opportunity to acquire a fully operational 21room executive hotel in the Oniru corridor --- a highdemand Lagos location. The asset comprises guest accommodation, an indoor lounge and a dedicated VIP bar, all sited on a generous 1,100 sqm plot with Government Consent title.
The hotel maintains consistently high occupancy, driven primarily by expatriate clientele, providing immediate income and strong yield potential for investors or owneroperators.
Investment Highlights
- Turnkey hospitality asset with established trading history and high occupancy.
- Stable demand from expatriates and corporate guests --- strong revenue continuity.
- Generous 1,100 sqm plot offering redevelopment or expansion upside (subject to planning).
- Clear commercial prospect for hotel operator, investor, or corporate buyer seeking an incomeproducing property in a premium location.
- Asking price: 2.0 billion --- competitive for a fully let executive hotel in the Oniru/Looking 1 submarket.
Property Details
- Accommodation: 21 guest rooms (configuration and room sizes to be confirmed on inspection).
- Leisure & F&B: Indoor lounge and VIP bar (fully fitted).
- Title: Government Consent (documents to be verified during due diligence).
- Plot: 1,100 sqm --- provides scope for additional facilities, parking expansion or redevelopment (subject to approvals).
- Occupancy profile: Predominantly expatriate bookings --- consistent demand noted by the owner.
Facilities & Building Services (as available / to be verified)
- Indoor lounge for guest reception and events.
- Dedicated VIP bar --- existing fitout in place for nightlife/private functions.
- Guest parking and staff/service areas (exact capacities to be confirmed).
- Backofhouse: kitchen, laundry, staff accommodation and storage (details to be provided).
- Utilities & systems: water, power arrangements and safety systems to be confirmed during inspection.
Location & Market Appeal
- Prime Oniru close to business districts, embassies, multinational offices, commercial centres and leisure amenities.
- Strong catchment for corporate and expatriate travelers due to proximity to Lekki, Victoria Island and major commercial nodes.
- Good accessibility to major roads and transport links.
Financial & Operational Notes
- Asking Price: 2,000,000,000 (negotiable for serious buyers).
- The hotel is reported to be "always fully booked" by expatriates --- prospective buyers should request historical occupancy and revenue data.
- Suitable for continued hotel operation, branded conversion, acquisition by an investor for passive income, or developer/operator seeking to reposition the asset.
Title & Transaction Process
- Title: Government Consent --- certified copies and confirmation of status available on request.
- Sale subject to standard legal and technical due diligence, including confirmation of compliance with hospitality licences and safety regulations.
- Proof of funds or LOI requested for access to full financials and inspections.
Potential Uses & Upside
- Continue operating as an executive hotel targeting expatriates and corporate guests.
- Rebrand and improve revenue management/marketing to increase ADR and occupancy.
- Expand onsite amenities (F&B, conferencing, wellness) to diversify revenues.
- Redevelop/expand the footprint (subject to planning approvals) to add rooms or serviced apartments.
Due Diligence & Next Steps
1. Submit Expression of Interest (EOI) / Letter of Intent (LOI) with proof of funds.
2. Sign NDA (if required) to receive full information pack: financial statements, occupancy records, inventory, licencing, and title documents.
3. Arrange site inspection and management/operational walkthrough.
4. Conduct legal, technical and financial due diligence.
5. Negotiate sale terms and complete transaction documentation.
Contact: Mr. Kola Adesina (EDBA)
All detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed NDA.
Serious proposals only.
*How we work*
Tell us your needs (budget, location, size).
Our team reviews your request and assigns a dedicated relationship manager.
We only source conflict-free land and properties with clear titles.
We conduct due diligence and arrange site visits.
Viewings are by appointments only
Finalize purchase, rental or lease with legal support.
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