Pelican Valley Nigeria Limited, a prominent property company, has achieved remarkable success with its newly launched short-let service at Ecostay Apartments, a cutting-edge smart city development located within the Masa-Kobape corridor of Ogun State. Within a mere 24 hours of launching the service, the company witnessed an overwhelming surge in bookings, resulting in full occupancy until February 2025. This rapid uptake underscores the significant market demand for high-quality, short-term accommodation options within the burgeoning Kobape region. The Ecostay Apartments represent the flagship project of Pelican Valley, epitomizing the company’s commitment to innovative and eco-conscious real estate solutions. Inaugurated on September 11th, the development features a major access road named in honor of former Governor Aremo Olusegun Osoba, acknowledging his significant contributions to rural development during his tenure.
The resounding success of the short-let service can be attributed to a confluence of factors, meticulously analyzed by Pelican Valley prior to the project’s launch. CEO Babatunde Adeyemo emphasized the company’s rigorous research-driven approach, stating that they thoroughly assess market viability before embarking on any venture. The substantial demand for short-term stays in the Kobape area was identified as a key driver, anticipating the need for comfortable and secure accommodation for various groups, including investors, expatriates, and visiting professionals. Furthermore, the competitive pricing strategy of Ecostay Apartments has played a crucial role in attracting a broad clientele.
Despite offering luxurious amenities and state-of-the-art technology, the apartments maintain affordable rates, further fueling their appeal. A two-bedroom apartment, complete with ensuite facilities, modern conveniences, and comprehensive security features, is priced at a competitive N50,000 per night. This compelling value proposition has resonated strongly with potential guests, contributing to the rapid influx of bookings. The strategic location of the apartments within the Kobape corridor, a rapidly developing industrial and agricultural hub, further strengthens its desirability.
Pelican Valley’s success is also intrinsically linked to its engagement with the Nigerian diaspora community. The company’s Pelican Brief project has attracted nearly 900 Nigerian investors from abroad, creating a ready-made market for the short-let service. These investors require convenient and secure accommodation while monitoring their projects. The Ecostay Apartments provide an ideal solution, catering specifically to their needs. Additionally, the presence of numerous industries and farm settlements in the Kobape area, often owned by expatriates and diaspora Nigerians, further amplifies the demand for high-quality short-term housing.
The Kobape corridor’s emergence as a key industrial and agricultural center has attracted a significant influx of both Nigerian and expatriate professionals seeking comfortable and modern accommodations. Ecostay Apartments strategically caters to this burgeoning demographic, offering a haven of convenience and security within close proximity to their workplaces and investments. The meticulous planning and strategic vision of Pelican Valley have undoubtedly been instrumental in the phenomenal success of the short-let service. By anticipating market demands and providing well-appointed, affordable apartments in a prime location, the company has captured a significant share of the short-term accommodation market.
The overwhelming response to the Ecostay Apartments underscores the growing demand for high-quality, flexible housing options within emerging economic hubs. As the Kobape corridor continues to attract investment and development, Pelican Valley is well-positioned to capitalize on this trend, serving both local and international clientele seeking comfortable and convenient accommodations. The company’s commitment to research-driven development, coupled with its focus on affordability and modern amenities, has established a winning formula for success in the competitive real estate market. The Ecostay Apartments stand as a testament to Pelican Valley’s vision and its ability to deliver innovative housing solutions that meet the evolving needs of a dynamic and growing market.
