Federal Palace Hotel & Casino

What Federal Palace Hotel & Casino does

Federal Palace Hotel & Casino is a 5-star integrated hospitality and gaming property located at 6-8 Ahmadu Bello Way on Victoria Island in Lagos, Nigeria. The property is owned and operated by The Tourist Company of Nigeria Plc., a publicly listed Nigerian company with apparent affiliation to the Sun International hospitality group, and is staffed by approximately 173 employees. The asset combines five categories of accommodation (Standard, Superior, and One Bedroom/Apartment rooms ranging from 25 m² to 42 m²), a 24-hour casino with 100+ slot machines and five gaming tables (Blackjack, Hold'Em Poker, American Roulette), three food and beverage outlets (Explorers Restaurant, Ancestors Spirits & Wine Bar, Pool Deck Restaurant), eleven conference and meeting rooms including a 4,500-capacity convention centre, an external ballroom accommodating up to 500 wedding guests, and an exclusive Pool Club with water slides, tennis courts, and tiered membership plans.

The company generates revenue across five streams: nightly hotel accommodation, transactional casino gaming, transactional food and beverage, one-time conference and event rentals, and subscription-based Pool Club memberships. Pricing is publicly listed in Nigerian Naira, with flexible room-only rates starting at NGN 307,284 per night and breakfast-inclusive rates at NGN 359,957 per night, alongside prepaid non-refundable discounts of 10%. Go-to-market is direct-to-consumer via the company's own website with a 'Best Rate Guarantee,' supported by telephone reservations, walk-in traffic, and reputation-driven bookings via Facebook, Instagram, LinkedIn, and TripAdvisor. The technology backbone is a standard hotel management and booking platform with online reservations and no disclosed AI, API, or proprietary automation capabilities.

The business serves four primary customer segments: corporate and business travelers visiting Lagos's commercial district, social-event hosts (weddings and milestone celebrations), families and recreation seekers via the Pool Club, and casino enthusiasts. The company is recognized by the Lagos State Lotteries Board with an Outstanding Contribution Award in the casino category. Federal Palace is a single-asset operation concentrated entirely on Victoria Island, Lagos, with no disclosed expansion into additional geographies or verticals within the input data.

Name

Federal Palace Hotel & Casino

Legal name

The Tourist Company of Nigeria Plc.

Website

https://federalpalace.com

Company type

Public

Operating status

Operating

Headcount range

101–250 employees

Short description

Federal Palace Hotel & Casino is a 5-star integrated hotel, casino, conference, and leisure property on Victoria Island, Lagos, operated by the publicly listed Tourist Company of Nigeria Plc. It serves corporate travelers, event hosts, families, and gaming guests via a single Lagos asset.

Ownership category

akta.pro rank

Product category

Hospitality Hotel and Casino

NAICS

Casino Hotels (721120)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

Integrated Casino Resorts (THAGAJAA)

akta.pro secondary industries

Luxury Casino Hotels (THAGAJAI), Destination Casino Hotels (THAGAJAC)

Keywords

• Luxury hotel accommodation
• Casino gaming operations
• Conference meeting venues
• Wedding and event hosting
• Pool club memberships

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Hotel Accommodation: Nightly room rentals across multiple room categories including Standard Rooms, Superior Rooms, One Bedroom Suites, and Apartments with varying views and sizes.
2. Casino Gaming: 24/7 casino operations featuring over 100 slot machines and 5 gaming tables offering Blackjack, Hold'Em Poker, and American Roulette.
3. Food & Beverage: Multiple dining venues including Explorers Restaurant (buffet and à la carte), Ancestors Spirits & Wine Bar, Pool Deck Restaurant, and 24-hour in-room dining.
4. Conference & Event Spaces: Rental of eleven conference and meeting rooms including ballrooms, boardrooms, and outdoor spaces for corporate events, weddings, and social gatherings.
5. Pool Club Membership: Annual, quarterly, and monthly pool club memberships offering access to swimming pool, tennis courts, and recreational facilities for families and individuals.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Federal Palace Hotel & Casino is a five-star integrated hospitality property in Victoria Island, Lagos, selling luxury accommodation across multiple room categories, a 24-hour casino with slots and table games, multiple restaurants and bars, conference and wedding venues, and a members' Pool Club. The property also offers in-room dining, a business centre, and on-site banking facilities targeted at corporate and leisure guests.

Product overview

Federal Palace Hotel & Casino is a 5-star luxury hotel in Lagos, Nigeria, offering an integrated portfolio of accommodation, dining, entertainment, and event services. The property provides five room and suite categories (Standard Rooms, Superior Rooms, and One Bedroom Suites/Apartments ranging from 25-42 m²), multiple dining venues (Explorers Restaurant, Ancestors Spirits & Wine Bar, and Pool Deck Restaurant), a 24-hour casino with slots and table games, eleven conference and meeting spaces including an Executive Boardroom and large External Ballroom, an exclusive Pool Club with recreational facilities, and wedding venue services. The hotel operates a room booking system with flexible and prepaid rate options through its website, with integrated special offers and promotions for direct bookings.

Differentiator

Problem solved

Functional benefit

Products and services

• Standard Room - City View 25 m² standard room with city views, choice of king or twin beds, maximum occupancy of 2 guests, equipped with air conditioning, satellite TV, mini bar, safe, tea/coffee facilities, in-room dining, internet, and laundry service. Targeted at business and leisure travellers wanting premium hotel accommodation in Victoria Island, Lagos.
• Standard Room - Sea View 25 m² standard room with sea views, king-size bed, maximum occupancy of 2 guests, equipped with air conditioning, satellite TV, mini bar, safe, tea/coffee facilities, in-room dining, internet, and laundry service. Targeted at leisure and business guests who prefer ocean views.
• Superior Room - City View 35 m² superior room with city views, king-size bed, maximum occupancy of 2 guests, equipped with air conditioning, satellite TV, mini bar, safe, tea/coffee facilities, in-room dining, internet, and laundry service. Targeted at guests wanting upgraded space in the Lagos commercial district.
• One Bedroom Suite - City View 42 m² suite with separate living area, city views, king-size bed, en-suite bathroom, maximum occupancy of 3 guests, equipped with air conditioning, satellite TV, mini bar, safe, tea/coffee facilities, in-room dining, internet, and laundry service. Targeted at business executives and families needing extra space.
• Apartment King 1 Bed Sea Facing 42 m² luxury apartment with ocean views, king-size bed, en-suite bathroom plus guest toilet, maximum occupancy of 2 guests, equipped with air conditioning, satellite TV, mini bar, safe, tea/coffee facilities, in-room dining, internet, and laundry service. Targeted at premium leisure and business guests.
• Federal Palace Casino 24/7 casino offering over 100 slot machines with denominations from US$0.01 to US$0.50 and five gaming tables with Blackjack, Hold'Em Poker, and American Roulette. Targeted at adult guests and visitors in Lagos seeking premium gaming entertainment; recipient of the Lagos State Lotteries Board Outstanding Contribution Award.
• Explorers Restaurant All-day dining restaurant at Federal Palace offering traditional Nigerian culinary dishes and European cuisine from the buffet and à la carte menu. Targeted at hotel guests, walk-in diners, and event attendees in Victoria Island.
• Ancestors Spirits & Wine Bar Cocktail and wine bar at Federal Palace serving curated cocktails and wine for business lunches, dinners, and social gatherings. Targeted at hotel guests, corporate diners, and walk-in patrons.
• Pool Deck Restaurant Poolside restaurant at The Pool Club serving a basic menu and takeaways until 19h30 daily in season. Targeted at Pool Club members, hotel residents, and guests using the recreational facilities.
• Conference & Meeting Rooms Eleven conference and meeting rooms including nine executive boardrooms, the Annex Explorers for meetings and cocktail parties, and the Balmoral Convention Centre with cinema capacity up to 4,500 people. Includes access to Executive Business Centre with secretarial services, high-speed WiFi, and on-site Stanbic Retail Bank. Targeted at corporate event planners, associations, and government clients hosting meetings and conferences in Lagos.
• Wedding Venue - External Ballroom Grand 850 m² wedding and events venue at the External Ballroom accommodating up to 500 guests with elegant styling options across banquet, boardroom, cinema, cocktail, schoolroom, and U-shaped configurations. Targeted at couples, families, and wedding planners hosting weddings and milestone celebrations in Lagos.
• The Pool Club Exclusive family-friendly pool facility featuring water slides, children's pools, jumping pillow, children's play park, two tennis courts, outdoor exercise circuit, games room, scenic jogging track, and membership options. Open free to hotel residents and to members via annual, quarterly, or monthly subscriptions with day-pass access for member guests. Targeted at families and individuals on Victoria Island seeking premium recreational amenities.
• Executive Boardroom 54 m² executive boardroom accommodating up to 40 people, suitable for small team meetings and boardroom seminars, with multiple setup configurations including banquet, boardroom, cinema, cocktail, schoolroom, and U-shaped arrangements. Targeted at corporate teams and executive groups meeting in Lagos.

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves4 records

Direct peers

• Sheraton Lagos Hotel: Sheraton Lagos is an international branded hotel in the Ikeja GRA area of Lagos offering upscale accommodation, restaurants, and event space. It competes with Federal Palace for corporate bookings, weddings, and conference events across greater Lagos.
• Oriental Hotel Lagos: Oriental Hotel is a 5-star luxury property on Victoria Island offering premium accommodation and event facilities. It targets the same high-end corporate, leisure, and wedding segments as Federal Palace within the same Lagos catchment area.
• Eko Hotel & Suites: Eko Hotel & Suites is a large luxury hotel on Victoria Island, Lagos with extensive conference facilities and multiple F&B outlets. It is the most direct local competitor to Federal Palace for corporate travelers, weddings, and MICE events in the same Lagos micro-market.
• Lagos Continental Hotel (formerly InterContinental): Lagos Continental Hotel is a large upscale property on Victoria Island with significant conference and event facilities. It overlaps with Federal Palace across accommodation, F&B, and MICE verticals for the same Lagos corporate client base.
• Radisson Blu Anchorage Hotel, Lagos: Radisson Blu Anchorage is an international 5-star hotel on Victoria Island serving business and leisure travelers with rooms, restaurants, and meeting facilities. It is a direct competitor to Federal Palace in the premium Lagos accommodation and events market.
• InterContinental Lagos: InterContinental Lagos is a 5-star international luxury hotel on Victoria Island targeting corporate and diplomatic travelers. It competes head-to-head with Federal Palace for premium room nights, executive boardrooms, and large-scale events in Lagos.
• The Wheatbaker Lagos: The Wheatbaker is a boutique 5-star hotel on Victoria Island within the Southern Sun portfolio. It overlaps directly with Federal Palace's luxury accommodation, fine dining, and event-hosting offerings in Lagos.
• Southern Sun Ikoyi Hotel: Southern Sun Ikoyi is an upper-upscale business hotel in Lagos serving corporate and government travelers. It competes with Federal Palace for the same corporate accommodation and conference demand in the Lagos Island sub-market.

Broad incumbents

• Sun International (Sun City / GrandWest): Sun International is a major integrated casino resort operator in South Africa (Sun City, GrandWest, Time Square). The Federal Palace app is branded as Sun International, indicating operational/brand linkage, and Sun International serves as the broad incumbent benchmark for casino-resort operating models across Africa.

Regional players

• Golden Tulip Festac Lagos: Golden Tulip Festac is a 4-star hotel located in the Festac area of Lagos. While it targets a more mid-market segment than Federal Palace, it represents alternative accommodation supply within Lagos competing for event and corporate business on price.

Market position

Strengths5 records

Weaknesses5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/FederalPalace
• LinkedInlinkedin.com/company/federal-palace-hotel-and-casino
• Instagraminstagram.com/federalpalace

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Federal Palace Hotel & Casino