105-Room Hotel with Event Halls, Pool & Spa for Sale in Ajao Estate

Ajao Estate

A strategically located hospitality investment opportunity in the heart of Ajao Estate, Lagos. This expansive hotel facility sits on approximately 10 plots of land and is designed for both immediate operations and future value enhancement.
The property currently features 105 rooms, with a planned conversion to 96 upgraded rooms upon renovation, allowing for improved space optimization and modern guest comfort standards.
It is fully equipped with premium hospitality and leisure amenities, making it suitable for a luxury hotel, resort, conference center, or mixed-use commercial hospitality development.
Key Features Include:
105 rooms (to be optimized into 96 rooms after renovation)
Swimming pool
3 multi-purpose event halls (ideal for conferences, weddings, corporate events)
Large gymnasium with full equipment
Spa and wellness center
Elevator (lift installed)
CCTV security system
250 KVA generator sets (backup power supply)
Ample parking space for approximately 40 vehicles
Sitting on approximately 10 plots of land
Government approved Certificate of Occupancy (C of O)
Investment Summary:
Current state price: ₦6.9 Billion
Post-completion value: ₦8.5 Billion This makes it a high-yield redevelopment opportunity with strong upside potential.