TY Danjuma Buys 300 Years Old London Hotel, Now Worth $1.2 Billion According To Bloomberg Billionaires Index

 

   Theophilus Danjuma has acquired a 300-year-old hotel in London for N1 billion. TY Danjuma, as he is popularly referred to, is now worth $1.2 billion according to Bloomberg Billionaires Index.

    It is a 14-room inn in London. The Kings Arms Hotel is a 300-year-old inn next to Hampton Court Palace, which once housed Henry VIII, the king of England in 1509. At present, the hotel is undergoing renovation. Upon launch, a room is estimated to cost £250 per night.

   Hannatu Gentles, the second daughter of Nigerian billionaire, Theophilus Danjuma, says the family does not invest in trophy assets.

  “We never tend to look at trophy assets. We’re not going to head to Mayfair to buy a 15 million-pound apartment primarily because we are a yield business,” Gentles, who is the chief operating officer of her father’s London-based family business, told Bloomberg.

  “We invest in real estate in other jurisdictions, but in the UK, we always thought let’s stick to areas that we know.” Asides the £2.4 million (1,096,662,240) hotel, the family has invested in more than 30 properties across three continents.