Nigeria, July 3 -- HGL Real Estate Limited, a company with no significant digital presence, linked to billionaire tycoon Oba Otudeko, has acquired a 14.1 per cent stake in Lagos-listed hospitality provider Ikeja Hotel.

Ikeja Hotel "received notification from HGL Real Estate Limited, an affiliate of Honeywell Group Limited, that it has acquired 305,323,525 units of Ikeja Hotel Plc's shares," according to a regulatory filing on Thursday.

Based on Thursday's closing share price, the firm's holding in Ikeja Hotel is valued at over N13.2 billion.

The share purchase places HGL Real Estate among the top seven shareholders of the company, second only to Oma Investments Limited, which occupies the pinnacle of the pecking order with a 25.8 per c...