Location: Abuja, the Capital of Nigeria
Name: Paradise Valley
No. of Keys: 200+
The Development: Abuja is the capital city of Nigeria, in the middle of the country, was built largely in the 1980s. It house the Presidential Complex, with the residence and offices of the Nigerian president in the Three Arms Zone on the eastern edge of the city. Nearby are the National Assembly and the Supreme Court of Nigeria.
The country has a population of 198 million (2018) and a GDP of US$397bn (2018) the highest in Africa. Abuja has a population of 780,000 and was declared the capital in 1991. It is home to 285 government agencies and 100+ overseas embassies, as well as HQ to many of the major Nigerian national and multi-national companies.
The project is being designed in three Phases:
Phase One: Prestige Villas – 24 top-end five bed/bath villas, 215 sqm – 100% completed
Phase Two: Royal Mansions – 11 luxury mansions, three storey five bed/bath houses with individual pool…1,000 sqm net area – 51% completed
Phase Three: Crystal Residences – high-rise top-end apartments and 200+ room hotel, four x 11-storey and two x 7 storey buildings; 120 apartments and 268 room hotel, with pool, full fitness-centre (3,000 sqm), shopping centre, restaurants and bars – in planning stage.
The whole development is on 5 hectares (12 acres) of land acquired by Zeberced Group in 2011.
The scope is still open as to what size the hotel will be…and could include golf and horse-riding (75,000 sqm) in addition to pool, spa etc
Main Photo: The plan of Paradise Valley
Tenure: To be agreed…looking at a JV agreement
Current Owner: Zeberced, an experienced company on projects of this size and in Nigeria, based in Turkey. The company (Registration number: RC 699920) is focused on various industries such as; mining, ready- mixed concrete and hot- mix asphalt production, high-
end housing investments, furniture, industrial zone and power plant constructions, formed in 2007.
Guide Price: Price/investment value on application
Date Posted: September 2019
THPT Comment: This project will be of interest to major hotel investors and brands wishing to getting a toe-hold in Nigeria and/or expanding their presence in Africa, with the comfort of a partner in the Turkish-based Zeberced company with 12 years experience of trading and building in Nigeria.
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MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.