Real Estate Advisory

Terminal Zero Holiday Inn Hotel

The Project

Terminal Zero Development Limited is currently building and will own a 400-room 4-Star hotel at the Murtala Mohammed International Airport (“MMIA” or “the Airport”), Lagos, Nigeria. InterContinental Hotel Group will manage the Hotel under the brand name of Holiday Inn.

Terminal Zero Holiday Inn

TZDL has a 45-year lease on a parcel of land formerly serving as the car park of MMIA in Lagos.

The lease agreement empowers TZDL to build and operate a mixed-use development-comprising hotel, office space, meeting rooms, coffee shops, retail area and multi-level car park.

The 400-room hotel will cost ca. $140.8m and will provide high quality, international standard accommodation with a primary focus on business travelers, travelers in transit and crew members.

Project Status

Construction has commenced on the project and cost to date comes up to about $57m ( financed by $14m equity and $43m bridge finance from 2 local banks).

Financing Plan

Mis Advisory is acting as Financial Advisor and Arranger for the funds needed. These include: $49.3m in equity and $91.6m in debt. The fundraising process is on-going.