Popular five star luxury hotel, Lagos Oriental Hotel, is allegedly up for sale. The property was put up for sale at the price of $250 million, which is approximately N94 billion.
The news has been circulating for a while: Rumours about the property’s impending sale has been on for a while, but was recently confirmed after it was officially advertised today on the website of a leading property website, thenigeriapropertycentre.com.
Location of the property: The property is situated at 3, Lekki – Epe Expressway, Victoria Island, Lagos state.
The reason for the sale: Seeing as one of the alleged owners of the hotel is one of the wealthiest politicians in the country, it becomes puzzling why the property is being put up for sale. Meanwhile, sources close to the situation have disclosed that the owners are not the problem. Instead, the hotel’s management allegedly are.
The management of the hotel did not manage investments, and use their experiences in the field, to generate profits for the hotel. Also the hotel have been experiencing a severe depreciation in revenue, and selling the hotel might just put a stop to it.
Description of the property: According to the description depicted on the website, the hotel has variety of rooms, including the classic room, the classic superior, the classic deluxe room, junior suite, executive junior suite, business suite, diplomatic suite, ambassador suite, and presidential suite. All the rooms have a mini bar each and is refilled everyday.
“Each room comes with a coffee maker, complimentary bottle of water, a free mini bar, a secure safe box, a Bible, a directory and a few mailing envelopes.”
“Additionally, all rooms have flat LCD screens, individually controlled air conditioning units, and en-suite bathrooms. In the bathroom, guests are treated to the following complimentary items including: Sewing kit, shoehorn, a grooming kit comprising of a toothbrush, comb, shower cap, shampoo, shower gel, lotion, and a bathrobe with slippers. The room rates are inclusive of breakfast.”