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Gen. TY Danjuma Buys 300-Year-Old London Hotel For N1.1 Billion

Former Defense Minister, Gen. TY Danjuma Buys 300-Year-Old London Hotel For N1.1 Billion
Gen. Theophilus Danjuma

Former Minister for Defense, General Theophilus Danjuma, has procured Kings Arms Hotel, a 300-year-old motel alongside London’s Hampton Court Palace, former home of Henry VIII for N1.1 billion.

Lodging is ready to open soon after refurbishment, with rooms costing around 250 pounds every night. Visitors can eat on a customary passage in the six eateries, a reference to the ruler’s numerous spouses, or snatch a half quart on the porch, reports Bloomberg

The 80-year-old Nigerian is worth $1.2 billion, as indicated by the Bloomberg Billionaires Index, with his family office dealing with a segment of that riches, frequently through the relaxed property, for example, the 14-room lodging.

“We never will in general, take a gander at trophy resources,” said Hannatu Gentles, the second of Danjuma’s five kids, who is also the chief operating officer of his London-based family office.
“We’re not going to make a beeline for Mayfair to purchase a 15 million-pound apartment basically on the grounds that we are a yield business.”
Apart from the U.K., Danjuma possesses real estate in California and have purchased and sold property in Singapore. Their family office additionally directs private equity investments, trust reserves and a venture capital that backs family-run art and movie companies

Meanwhile, the Danjumas possess in excess of 30 properties around the world, filings show.

“We put resources into real estates in different wards, however, in the U.K. we generally thought we should stick to regions that we know,” Gentles said.

Her dad purchased a living arrangement in Singapore years back, “and it appeared well and good at that point to get some more,” she stated, adding that they’ve long sold the properties due to tax law changes.

Notwithstanding, the Kings Arms Hotel, the Danjumas have created private properties this year in Esher and Wimbledon.

They likewise own a boutique lodging in Lagos, serving hamburger carpaccio and lobster bisque in one of three feasting zones and showing works from the family’s art firm.