Isaac Fayose, the younger brother of the former governor of Ekiti State, Ayodele Fayose, is set to sell Viewpoint Resort, one of his hotels located at Federal High Court Road in Ibadan, Oyo State. It was gathered that the managerial team running the hospitality centre, which was established 18 years ago, has not been doing a good job and this has affected the image and the turnover of the business, as well as prompted the businessman to put it up for sale.
Although Viewpoint Resort is situated in the highbrow area of the city, failure to get the right set of people to oversee the running of its affairs greatly affected it. Fayose had to let it go. And the fact that he doesn’t reside in Nigeria made overseeing the affairs of the business a hurricane task for him.
The management of the hotel, it was gathered, failed to meet the expectation of its owner. While waiting to dispose of the facility, Fayose has gone on to splurge millions of naira on a mall, Envy Mall which he is erecting at the Federal Capital Territory, Abuja. Once completed, the mall will house many businesses.
Fayose’s love for real estate is evident in the series of investments he has made in Lagos, Abuja and Ibadan. He boasts of three hospitality centres while the fourth, which is a mall, is in the offing.
