2002 – UPDC acquires The Durbar Hotel, Festac

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2002 – UPDC acquires The Durbar Hotel, Festac

by admin-updc on July 29, 2002
2002 – UPDC acquires The Durbar Hotel, Festac
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UPDC embarked on the bold acquisition of the 942 room Durbar Hotel in Festac Amuwo-Odofin from the Federal Government. The landmark property is synonymous with the Festival of Arts and Crafts (Festac ’77) celebrations in Lagos in 1977. UPDC converted one block of the property into the 471 room Festival Hotel (formerly Golden Tulip, Festac), and the second block into 196 units of 1 and 2 bedroom apartments now known as The Residences, Festac.

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Confirmation/Acknowledgements:

  • No guarantee of availability of property until payment received in full
  • Buyer is responsible for payment of fees to any agent engaged by Buyer
  • Buyer shall make and rely upon its own inquiries and shall satisfy itself in all respects in relation to the title and property conditions
  • Payment for the property shall be made only to UPDC’s designated account. UPDC has not authorized any agent to collect payment on its behalf.

  • START
  • FILL YOUR DETAIL
  • CONFIRMATION

Confirmation/Acknowledgements:

  • No guarantee of availability of property until payment received in full
  • Buyer is responsible for payment of fees to any agent engaged by Buyer
  • Buyer shall make and rely upon its own inquiries and shall satisfy itself in all respects in relation to the title and property conditions
  • Payment for the property shall be made only to UPDC’s designated account. UPDC has not authorized any agent to collect payment on its behalf.
  • In the unlikely event that UPDC does not commence the development within 12 months of receipt of the holding deposit, the holding deposit will be refunded to the buyer.