Invest in Luxury Hospitality with 29% p.a. Returns on Assetbase Today

Oyeyemi Kosoko

— 3 min read
Invest in Luxury Hospitality with 29% p.a. Returns on Assetbase Today

If you’ve ever wondered what it looks like when a Nigerian company grows from a modest start-up into a market leader in just a few years, Smart Residence Limited (SRL) is a story worth knowing. And now, AssetBase is giving investors the chance to become part of that story through SRL’s ₦500 million Series 1 Fixed Private Note.

From Humble Beginnings to Hospitality Leadership

Smart Residence Limited started with a simple idea: to offer fully furnished, short-let apartments that feel like home, but with the luxury, convenience, and service that modern travelers expect. Operating under the trade names Gidanka and Home-Away, SRL serves individuals, corporate clients, tourists, and anyone seeking a high-quality stay in Abuja.

Today, SRL has served over 15,000 customers, completed more than seven strategic projects, and employs over 750 professionals across ten locations. Its portfolio spans luxury hotels and serviced apartments, with flagship properties including The Residence, The Glass Residence, The Destination, and Home-Away. And the story doesn’t stop there: new developments are already underway, signaling more growth and opportunity on the horizon.

Award-Winning Experiences

Recognition follows excellence. SRL’s property, The Destination, was recently awarded Best Luxury Business Hotel at the Hotel Managers Award 2024, outshining competitors like Radisson Blu Anchorage Hotel and The Wheatbaker Hotel. This award isn’t just a trophy on the shelf—it reflects the company’s commitment to creating memorable experiences and maintaining high standards across its growing portfolio.

A Financial Journey Like No Other

Over the past five years, SRL has transformed in almost every measurable way: revenue, profits, assets, and shareholder value.

  • Revenue Explosion: From ₦119.5 million in FY2020 to ₦8.75 billion in FY2024, and then to ₦6.38 billion in HY2025, SRL has grown revenue more than 70x, demonstrating that its business model scales.
  • Profitability That Matters: Once a loss-making entity, the company reported ₦2.68 billion in PAT in FY2024, with HY2025 already at ₦2.11 billionnearly 80% of the prior year’s full-year profits. Net profit margins have expanded steadily, showing operational efficiency is not accidental but intentional.
  • Assets That Reflect Ambition: Total assets grew from ₦302 million in 2020 to an impressive ₦16.07 billion in HY2025, reflecting strategic investments in property, infrastructure, and long-term capacity.
  • Equity Growth & Retained Earnings: Shareholders’ funds now stand at ₦6.99 billion, with retained earnings driving much of the capital base. This signals a company increasingly self-funding its growth—a huge vote of confidence for investors.

Simply put, SRL has evolved from a small-scale start-up into a mature, profitable, and resilient business, ready for the next stage of expansion.

Your Opportunity to Invest

Now, AssetBase is opening the door for investors to participate in SRL’s growth story through the Series 1 Fixed Private Note. Here’s what you need to know:

  • Tenor: 12 months
  • Coupon Rate: 29% p.a., paid semi-annually
  • Minimum Subscription: ₦100,000
  • AssetBase Allocation: ₦100 million
  • Open Date: February 6, 2026
  • Settlement Date: February 13, 2026
  • Maturity Date: February 14, 2027
  • Use of Proceeds: Short-term working capital to support continued growth

This issuance is a secured private note, backed by multiple layers of protection, including a standing payment order, corporate and personal guarantees, a sinking fund, and a debenture over all assets. In other words, this is an investment designed with safety in mind.

Why You Should Consider This Note

  • Track Record: SRL’s previous capital market issuance achieved a 91.3% subscription rate and was successfully liquidated, demonstrating reliability and trustworthiness.
  • Strong Returns: With a fixed 29% p.a. coupon, investors can earn predictable and attractive yields.
  • Growing Sector: Nigeria’s hospitality market is expanding, and SRL sits at the forefront, combining operational excellence with strong financials.
  • Creditworthiness: A1 by DataPro and BBB by Agusto, SRL is recognized for its solid financial management and experienced leadership team.

Conclusion

Investing in SRL is not just about the numbers. It’s about becoming part of a company that is reshaping short-let hospitality in Nigeria, delivering award-winning experiences, and creating value for customers, employees, and investors alike.

With strong financials, secured instruments, and a clear growth trajectory, SRL represents a rare opportunity: a chance to earn attractive returns while backing a business that is scaling responsibly and successfully.

This is your invitation to be part of Nigeria’s growing hospitality success story. Visit AssetBase today to learn more and secure your investment in Smart Residence Limited.

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