Damola Olatunji Says Hotel He Bought Is Valued Over N60Million, Plans Pool Side Opening Party

April 21, 2016 –  Nollywood Actor Damola Olatunji Says Hotel He Bought Is Valued Over N60Million, Plans Pool Side Opening Party

The Nollywood actor who recently bought a multi million naira hotel in Sango Ota Ogun State has debunked the N60million estimated value as reported in the media.

The actor said Prime Stone Hotel is valued over 60 million naira.

damola olatunji hotel

In his words:

I want to express my very sincere appreciation to all my friends,fans and well wishers for all your comments and responses to the news of my foray into hotel management and hospitality business.
While I’m extremely humbled by your show of love and affection, it is also very important for me to clear the air about some misinformation contained in the news going around.
It is not true that I built Prime Stone Hotel and Suits. This is a multiple Star Hotel completed and open to business about 5-years ago until my recent involvement.

Secondly, putting the value of Prime Stone Hotels and Suit at a paltry sum of N60Million is not only unfounded but ridiculous. At no time did I mention or discuss the value of the property with anybody. Not even the land plus equipments in the hotel can be valued at such amount ;a visit to the facility will speak for itself.

My investment in the hospitality business is an innovative approach I call the “3Rs” – Renovate,Re-engineer and Repoition. This will see us take over a number of Premium hotel facility in strategic locations within and even outside Nigeria in the nearest future. What we are offering our esteemed customers is not just an hotel facility but an hospitality and entertainment hub with world class service delivery.

I look forward to hosting you at our maiden Pool side Party for the official reopening coming up shortly. Top class music stars will be on stage to the delight our guest.
Thank you all

11 thoughts on “Damola Olatunji Says Hotel He Bought Is Valued Over N60Million, Plans Pool Side Opening Party

  1. Upon all the money wey you get, you are leave bia bia for face like say you was dey inside prison and is today wey they was say make them reliz you. You no have baba? Abeg go bab your head for babing saluun. Your mouth big sef. I am pity to any woman weyris kiss by you bicos you go just swallow her head.

  2. Sincerely speaking, I’d wanted to refute that N60Million worth when I first read this. If an old one-storey building with a fenced counpound not far from my house could go for N40million, a property in the parity of that hotel should pull the clouds down.

    Congrats to him.

  3. Beware of kidnappers o mr man, the way you carry yourself and talk of money. I don talk my own o. Keep shut the way you spend money and do your thing quietly.

  4. Abi o!!!! Why the noise of how much you spent. Instead of you to shut up and run your business. Bloody show off.
    Before long now , we will hear the true story of the hotel.
    We are here.

  5. By the way there is nowhere in the text did he mentioned the hotel is his own he only said he just got involved with the hotel recently, not buy or own it. Although the guy was been economical with the truth. From what he wrote, he just got a job to manage the hotel. Now the truth is out the owner of the hotel has come out to say he owns the hotel not this guy. This Nigeria, I was one of those who defended this guy when he was shaded here a few days ago what a letdown.

Leave a comment

Your email address will not be published. Required fields are marked *