NewStats: 3,263,492 , 8,180,324 topics. Date: Friday, 06 June 2025 at 09:00 AM 3g2e60

6z3e3g

Is 60M Naira Enough To Build A 20 Room Hotel And Event Hall? - Properties (2) - Nairaland 5q3z5x

Is 60M Naira Enough To Build A 20 Room Hotel And Event Hall? (29293 Views)

(4)

Go Down)

Ezemarcel(m): 3:42pm On Jan 15, 2023
ASAPFERG:
shutup thief.. 230m for 20room hotel? grin
criminal grin

Cc Seun nlfpmod Mynd44 OAM4J

Rule 2 broken here...
FahBuLous: 6:04pm On Jan 15, 2023
Unless you want to build a shabby looking charlet, 60m is not enough.

Not the way Nigeria is now.

2 Likes

Tobijays: 7:03pm On Jan 15, 2023
[b][/b] @RaymondFirstborn
pimplucious: 8:42pm On Jan 15, 2023
FahBuLous:
Unless you want to build a shabby looking charlet, 60m is not enough.

Not the way Nigeria is now.

In your opinion, how much do you think will be enough?

1 Like

qwertyboss(m): 9:04pm On Jan 15, 2023
pimplucious:
I am looking at investing in hospitality business but I’m not sure if 60Million naira will be adequate to erect a 20 room hotel and event hall with a capacity of about 500 people max.

Cause of the paucity of funds, I’m looking to make it a single story building such that hotel will be on the ground floor while the top floor will hold the event hall.

Engineers in the house do you think this amount will be enough to achieve this? Pls let’s have your expert opinion on this. Thanks in advance.
Never!
It can't.
davillian(m): 9:12pm On Jan 15, 2023
Yes bambu, clay and palm tree leaves
raymondFirstborn(m): 4:06pm On Jan 16, 2023
pimplucious:
I am looking at investing in hospitality business but I’m not sure if 60Million naira will be adequate to erect a 20 room hotel and event hall with a capacity of about 500 people max.

Cause of the paucity of funds, I’m looking to make it a single story building such that hotel will be on the ground floor while the top floor will hold the event hall.

Engineers in the house do you think this amount will be enough to achieve this? Pls let’s have your expert opinion on this. Thanks in advance.

Your budget is tight.
But location would also contribute to the actual cost. swampy lands cost more to build on, so with your kind of budget building on dry land is best.
Design would also contribute to the cost, size of the rooms and level of finishing too .

If you need a design with cost friendly budget for construction, send me a Whatsapp message, 09056082348(call & Whatsapp)
[email protected]

1 Like

Monaboo(m): 12:25pm On Feb 11, 2023
pimplucious:
I am looking at investing in hospitality business but I’m not sure if 60Million naira will be adequate to erect a 20 room hotel and event hall with a capacity of about 500 people max.

Cause of the paucity of funds, I’m looking to make it a single story building such that hotel will be on the ground floor while the top floor will hold the event hall.

Engineers in the house do you think this amount will be enough to achieve this? Pls let’s have your expert opinion on this. Thanks in advance.

Click this link now and Send a DM to the before you go and waste your money (a whole 60M) because of no proper guidance

https://m.facebook.com/lynesarchitecture/?ref=bookmarks
FromZeroToHero(m): 12:26pm On Feb 11, 2023
For the carcass only. Yes.

Budget another N60m for finishing.

Between N100m to N120m will do it.

2 Likes

Lionmachala(m): 12:26pm On Feb 11, 2023
pimplucious:
I am looking at investing in hospitality business but I’m not sure if 60Million naira will be adequate to erect a 20 room hotel and event hall with a capacity of about 500 people max.

Cause of the paucity of funds, I’m looking to make it a single story building such that hotel will be on the ground floor while the top floor will hold the event hall.

Engineers in the house do you think this amount will be enough to achieve this? Pls let’s have your expert opinion on this. Thanks in advance.


I will boldly tell u.. go consult a Qs

1 Like

Starships4u(m): 12:26pm On Feb 11, 2023
pimplucious:
I am looking at investing in hospitality business but I’m not sure if 60Million naira will be adequate to erect a 20 room hotel and event hall with a capacity of about 500 people max.

Cause of the paucity of funds, I’m looking to make it a single story building such that hotel will be on the ground floor while the top floor will hold the event hall.

Engineers in the house do you think this amount will be enough to achieve this? Pls let’s have your expert opinion on this. Thanks in advance.

Answer: NO!
BrickDevo: 12:26pm On Feb 11, 2023
.

1 Like 2 Shares

abobote: 12:26pm On Feb 11, 2023
No, its not enough
crixlight2(m): 12:27pm On Feb 11, 2023
pimplucious:


Thanks unfortunately I am not with an internet enabled phone at the moment. I lost my phone. If you can pls reach me on my email addy: [email protected] we can start from there.
Which phone you come use reply this message ?

4 Likes 1 Share

Dshocker(m): 12:27pm On Feb 11, 2023
pimplucious:
I am looking at investing in hospitality business but I’m not sure if 60Million naira will be adequate to erect a 20 room hotel and event hall with a capacity of about 500 people max.

Cause of the paucity of funds, I’m looking to make it a single story building such that hotel will be on the ground floor while the top floor will hold the event hall.

Engineers in the house do you think this amount will be enough to achieve this? Pls let’s have your expert opinion on this. Thanks in advance.

It can, but the furnishing will be too poor
SavageResponse(m): 12:27pm On Feb 11, 2023
pimplucious:
I am looking at investing in hospitality business but I’m not sure if 60Million naira will be adequate to erect a 20 room hotel and event hall with a capacity of about 500 people max.

Cause of the paucity of funds, I’m looking to make it a single story building such that hotel will be on the ground floor while the top floor will hold the event hall.

Engineers in the house do you think this amount will be enough to achieve this? Pls let’s have your expert opinion on this. Thanks in advance.

60 million is mall for this type of building project
abobote: 12:28pm On Feb 11, 2023
pimplucious:


Actually I’m willing to work around my budget. If 60m won’t be enough for 20 rooms and event hall I can do away with the hall and cut short on the numbers of rooms if need be but i need to be sure of what I’m doing first.
You don't know a thing about building, we are talking about hotel here
Veezy4u(m): 12:28pm On Feb 11, 2023
Play weekend sure odds,build empires n rest grin
karzyharsky(m): 12:30pm On Feb 11, 2023
Noo....buh you can use it to carry 2odd first
danhans(m): 12:30pm On Feb 11, 2023
60 million is enough doe environment still matter
AsomArchitectNG(m): 12:30pm On Feb 11, 2023
Why not put the event hall at the ground floor and take the hotel to the upper floor.

As regards ur budget of 60m to errect such may or may not be feasible depending on what you're looking at especially in finishing.
Regards...

See our just concluded 3bedroom bungalow construction if you're about starting your building project.. Link in my signature

2 Likes

Christian07(m): 12:30pm On Feb 11, 2023
pimplucious:
I am looking at investing in hospitality business but I’m not sure if 60Million naira will be adequate to erect a 20 room hotel and event hall with a capacity of about 500 people max.

Cause of the paucity of funds, I’m looking to make it a single story building such that hotel will be on the ground floor while the top floor will hold the event hall.

Engineers in the house do you think this amount will be enough to achieve this? Pls let’s have your expert opinion on this. Thanks in advance.

Land space ko 30m suppose sort better land space another 30m suppose erect 2 story building then you go need extra 20m for furnishing

You go also need borrow money way go use buy drinks for the hotel and pay hotel workers for the first month. Shishi no go dey your hand for that first month .you go begin see result after dt first month

1 Like

Oduduwa707: 12:31pm On Feb 11, 2023
NEVER!
francotunsco: 12:32pm On Feb 11, 2023
Ezemarcel:
Can you pay me for services if I do estimate for you

QS aye!

1 Like 1 Share

JoveD20(m): 12:32pm On Feb 11, 2023
let me link you up with a Quantity Surveyor, though it will come with a price.
chatinent: 12:32pm On Feb 11, 2023
Bro, why not buy already built ones? We as agents will advise that. It's cost-effective.
Oduduwa707: 12:32pm On Feb 11, 2023
Ezemarcel:
Can you pay me for services if I do estimate for you

Cough, cough... dem don dey land. grin
Gohs: 12:32pm On Feb 11, 2023
pimplucious:


In your opinion, how much do you think will be enough?

To build a decent hotel with good furniture in this present economy, you'll need around 100M.

However if prices come down to 2015 prices, 60M will do the job.

Let's vote Peter Obi for president to improve our economy and bring down the prices of goods. grin

Vote Labour Party grin

2 Likes

Oduduwa707: 12:33pm On Feb 11, 2023
francotunsco:


QS aye!

grin grin grin
franchasng: 12:34pm On Feb 11, 2023
pimplucious:
I am looking at investing in hospitality business but I’m not sure if 60Million naira will be adequate to erect a 20 room hotel and event hall with a capacity of about 500 people max.

Cause of the paucity of funds, I’m looking to make it a single story building such that hotel will be on the ground floor while the top floor will hold the event hall.

Engineers in the house do you think this amount will be enough to achieve this? Pls let’s have your expert opinion on this. Thanks in advance.
This should be enough to buy the land in a good location in some Nigerian state capitals.



location is key to this hotel and event business in Nigeria.


60million is okay for buying the land in some Lagos Mainland areas, in Owerri, Asaba DLA, PH, Enugu, Awka and Onitsha.


60million is only enough for buying the land.

1 Like

Funkybabee(f): 12:34pm On Feb 11, 2023
With kitchen, bar, restaurant there with the hall haba, it can't o
Blaze14k: 12:35pm On Feb 11, 2023
pimplucious:
I am looking at investing in hospitality business but I’m not sure if 60Million naira will be adequate to erect a 20 room hotel and event hall with a capacity of about 500 people max.

Cause of the paucity of funds, I’m looking to make it a single story building such that hotel will be on the ground floor while the top floor will hold the event hall.

Engineers in the house do you think this amount will be enough to achieve this? Pls let’s have your expert opinion on this. Thanks in advance.

Just to be on a safe side keep extra 10mil cos the furnishing will cost u alot of money

Reply)

THE HILLCREST ESTATE SABON-LUGBE, ABUJA. BUY NOW!!!

(Go Up)

Sections: How To . 32
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or s on Nairaland.