…Asking Price is $250million

The news came as a shocker to all who heard; that the Lagos Oriental Hotel, that sprawling oasis of premium hospitality nestling on the Victoria Island end of the Lagos Lagoon, is up for sale. Initially, many took it as a rumour until it was advertised on leading property website, thenigeriapropertycentre.com. According to the website which offers Nigerian property seekers an easy way to find details of property like homes, houses, lands, shops, office spaces and other commercial property, the promoters of the hotel want $250million for it. The advert was posted March 30th.

On the site, the Lagos Oriental Hotel was described as havinga variety of luxury rooms including The Classic Room, the Classic Superior Room, the Classic Deluxe Room, Junior Suite, Executive Junior Suite, Business Suite, Diplomatic Suite, Ambassador Suite, and Presidential Suite. The post further stated, “Besides their enthralling original artwork and Asian furnishings, the rooms also offer enchanting views of the Lagos Lagoon. 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. All the rooms and suites feature refreshing drinks in the mini bar free of charge and replenished once a day.”

The hotelis also described as having several restaurants and bars, free Wi-Fi in all rooms and some public areas, an outdoor pool with varying degrees of depth that offers an opportunity for the family to play and cool off during sunny days while serving various local and international culinary options like The Mayumi which offers excellent Japanese cuisine; the Oriental Garden which offers Chinese cuisine; and the Five Cowries shop which extends out to the poolside, boasts an incredible view of the Lagoon and excellent coffee and pastries.

Since it began operations many years ago, the ownership of the Oriental Hotel has always been linked to the former Governor of Lagos State, Asiwaju Bola Ahmed Tinubu. Whether right or wrong, the powerful politician has never openly denied or identified with it. For a man who is not short of cash, and who still has Nigeria’s richest state, Lagos, in a viselike grip, what then could be the reason for wanting to sell the hotel?

Sources said the problem is not really with Tinubu but the management of the hotel which has not actually parlayed their experience and the investment into profitability. Another credible source said that selling the hotel may be an answer to dwindling revenue and with no end in sight, no thanks to the stifling economic situation.

StupidInyamiri:
I laugh when people are saying a male child is better than a female child.
I'd rather have a Kemi Adeosun than a Dino Melaye.

sirchikero:
The truth is , in an economy like Nigeria’s everybody both the rich and poor are crying and selling off choice properties to keep head above water.

READ MORE : https://www.naijanewsng.com/tinubus-oriental-hotel-up-for-sale-for-250million/

So Tinubu is trying to stay above water

This is just one of his many properties. Just like a pinch of salt

Na Tinubu go still buy am through the back doors! He knows that all eyes are on him

He has set his futuristic Presidential ambition into motion!!!

The question on everybody's lip is how was he able to afford all these properties

If you know about his business(es) please be sure to mention the place and the years of existence!!!

TheFacelessMan:


Follygunners o dabi pe iwo ni IjebuWarrior abi ?

Mo mo pe o feran Tinubu, sungbon, ranti pe Omoluabi nii....

Ma lo join awon omo nna yen

HarunaWest:
tinubu doesn't own Oriental Hotel...He owns the land and rented it leasehold to the investors that built the hotel.

TANID:
Let Me Check My Bank Account First I Couldn't Remember My Account Balance Very Well When Am Done I Would Let You Know


Please Don't Sale It To aunty Tohyorsih2 I Know She Like Ira Kura Like This

comshots:
shatap.Who are the investors?

StupidInyamiri:
I laugh when people are saying a male child is better than a female child.
I'd rather have a Kemi Adeosun than a Dino Melaye.

Amuocha:
Amazing...

Sold Radio Continental
Sold Ikeja Mall
Sold renaissance Alausa
Now selling Oriental Hotel

HarunaWest:
tinubu doesn't own Oriental Hotel...He owns the land and rented it leasehold to the investors that built the hotel.

Wiseandtrue:

So Tinubu is trying to stay above water

This is just one of his many properties. Just like a pinch of salt

Na Tinubu go still buy am through the back doors! He knows that all eyes are on him

He has set his futuristic Presidential ambition into motion!!!

The question on everybody's lip is how was he able to afford all these properties

If you know about his business(es) please be sure to mention the place and the years of existence!!!

BuhariAdvocate:
When your pastor tell you God bless you tell him you reject the prayer. In the case of Tinubu wealth God have always be with him. Bola is a taxi driver on the street of Chicago and his adopted mother iyaloja of Lagos called him home to established his own business with little he make in usa. Do you know what it mean to be Iya loja of Lagos the position his daughter occupied now. The woman took bola round the Lagos exposed many business strategies to him, that is where bola start making his money .
Bola helped many people he humble himself and mingle with common people.No wonder some people can die for him.bola not hold any federal appointment or elected as a
president or vice president. Bola make his money legally way no wonder efcc couldn't convicted him despite the humiliation from former president olusegun Obasanjo. Tinubu is a good example that youth should emulate.