freshvine:
Isi onye ocha ada la

masterpower:
If you are an Igbo, i advise you not to build it in lagos.

Go to Enugu, Owerri, Nnewi, Önitsha, Aba.

Take my advise and you will be glad you did.

legendte:
Think home Bro. I don't know why you chose Anambra. If you want safety and quick ROI you have to consider Owerri and Enugu.
Only roadside contractors will give estimate of an imaginary project.
Do one thing at a time. Feasibility study should be the first thing. Consider location, history and how fast the area is developing. Get land and approval before you start thinking about the rest. It is a rigorous path that you have to take.

oyb:
Far too little information.
Has he even got land to build on?

A successful hotel will have to be located within well developed parts of the city.
Land in Lagos is at a premium, so that on its own is already at least a hundred

Consultants architect, structural engineer, m&e, qs, another 10 or more. This is not a bungalow, so you can't go the baba Mufu route

Approvals. Regulation is very big in Lagos, survey plan C of O, LASBCA, and the right person in lands to confirm its not govt acquisition etc

Foundation if it's swampy land, you re in for it
Building costs will depend on the quality of hotel. How many stars are you looking at? Hotel will cost another 200 to 300 million or more.

I am assuming it's a hotel proper, not a short time lodge, in which case you can throw all this out the window. Note that inflation means wild cost fluctuations.

You must also do your feasibility study. Some are telling you it must be in the east. How many high brow hotels are in the east and how are they doing? A hotel in a civil service state is a white elephant. Look at bayelsa .

gimakon:
I have a friend who wants to venture into hotel and tourism management so he's making inquiries about these things

- a good place where he can get a good piece of land
- like how many square meters (size of the land)
- price range to expect when making purchases for the piece of land.
- he wants to have a hotel of say 40 - 45 rooms.

Now he's asking the total cost (land + construction + expenses to be made)

Estimates, like how much could he be letting down for this kind of project.

masterpower:
If you are an Igbo, i advise you not to build it in lagos.

Go to Enugu, Owerri, Nnewi, Önitsha, Aba.

Take my advise and you will be glad you did.

gimakon:
I have a friend who wants to venture into hotel and tourism management so he's making inquiries about these things

- a good place where he can get a good piece of land
- like how many square meters (size of the land)
- price range to expect when making purchases for the piece of land.
- he wants to have a hotel of say 40 - 45 rooms.

Now he's asking the total cost (land + construction + expenses to be made)

Estimates, like how much could he be letting down for this kind of project.

masterpower:
If you are an Igbo, i advise you not to build it in lagos.

Go to Enugu, Owerri, Nnewi, Önitsha, Aba.

Take my advise and you will be glad you did.

muhakeem:
Any amount, dependinq on how you want it to look like

NotComplaining:


Man are you Quoting from Patience Jonathan's cook book for laundering?

Building a hotel does not have to cost more than 100 mill including land price.

Lagos still has cheap land on main roads.

Star rating is not really a lagos thing unless one is targeting the extremely wealthy and ostentatious, which is already a saturated and competitive market...

A hotelier can get by by attracting the local population in a cosmopolitan area, which Lagos has many of.

Land 2 plots - 30m
Building (exterior/interior) - 50m
Power (generator, transformer, Inverter) 10m
Running costs (awareness, stock, amenities, dj for 1 yr) - 10m

gimakon:
I have a friend who wants to venture into hotel and tourism management so he's making inquiries about these things

- a good place where he can get a good piece of land
- like how many square meters (size of the land)
- price range to expect when making purchases for the piece of land.

- he wants to have a hotel of say 40 - 45 rooms.

Now he's asking the total cost (land + construction + expenses to be made)

Estimates, like how much could he be letting down for this kind of project.

gimakon:


Of course yes, that's what I even advised him. And he traveled with flight, first light today.

Any ideas? Estimates?

gimakon:
I have a friend who wants to venture into hotel and tourism management so he's making inquiries about these things

- a good place where he can get a good piece of land
- like how many square meters (size of the land)
- price range to expect when making purchases for the piece of land.
- he wants to have a hotel of say 40 - 45 rooms.

Now he's asking the total cost (land + construction + expenses to be made)

Estimates, like how much could he be letting down for this kind of project.

oyb:


The hotel has 40rooms that's at least 3kva load requirements per room that's 120kva. That does not include load for kitchen, laundry, dining, conference, gym, etc. You are easily looking at minimum load of 250kva. Duty and standby gen, 300kva transformer, 70kva ups, all for 10 million? You think hotels are all about short time? Or entertainment centers?

You say land is cheap in some parts of Lagos. Where is the sense in siting a hotel in iyana ipaja or Ikorodu? What turnover are you expecting?

A high quality duplex will set you back 8 to 10 million, and you think you can build a 40 room hotel for 50m?

This is how project costs balloon out of control because of unrealistic projections.

beautiful232:
that a whole lot of money

But let him firstly know the kind of hotel he want to put up

as for the land,when his done with the planing,he should let me know

So we go into the price of the land

#Asap

gimakon:
I have a friend who wants to venture into hotel and tourism management so he's making inquiries about these things

- a good place where he can get a good piece of land
- like how many square meters (size of the land)
- price range to expect when making purchases for the piece of land.
- he wants to have a hotel of say 40 - 45 rooms.

Now he's asking the total cost (land + construction + expenses to be made)

Estimates, like how much could he be letting down for this kind of project.

gimakon:
I have a friend who wants to venture into hotel and tourism management so he's making inquiries about these things

- a good place where he can get a good piece of land
- like how many square meters (size of the land)
- price range to expect when making purchases for the piece of land.
- he wants to have a hotel of say 40 - 45 rooms.

Now he's asking the total cost (land + construction + expenses to be made)

Estimates, like how much could he be letting down for this kind of project.