Strategic Hotel and Event Facility for Sale in Ipaja, Lagos

Baruwa, Ipaja, Lagos

₦500,000,000

300

sqm

Hotel

Commercial

About this property

This property presents a compelling opportunity for investors and operators looking to tap into the bustling hospitality and events market in Ipaja, Lagos. With a strong potential for dual income streams from hotel operations and a fully equipped event center, it suits those aiming for both commercial success and community engagement. The hotel comprises 28 air-conditioned rooms, positioned for immediate operation. It features a well-structured accommodation setup that ensures a comfortable stay for guests. The layout is designed to maximize both functionality and guest experience, making it ideal for various clientele. In addition to the hotel, the property includes multiple event halls, which can accommodate gatherings of various sizes. The main hall has a capacity for up to 1,000 guests, while the second hall can host around 700. A smaller third hall is also available for more intimate events, catering to a wide range of occasions including weddings and conferences. This variety opens up diverse revenue opportunities, enhancing the property's investment value. Further amenities include a fully equipped gym to cater to health-conscious guests, as well as reliable power solutions with two Mikano generators and a dedicated transformer. The property is sold fully furnished and equipped, ensuring a smooth transfer of ownership and operation. Set on three plots of land, there is ample space for potential expansion or redevelopment, allowing for future growth. The property is backed by secure documentation including a Certificate of Occupancy, survey plan, and approved building plan, adding to its investment appeal in a high-demand area. The strategic location in Baruwa, Ipaja, ensures strong foot traffic and accessibility, making it an attractive option for both hospitality investors and event center operators.