They were said to be four in number, spotting black jeans, T-shirts and with face caps.
Ogunlusi, who was said to be in one of the rooms of the hotel, was unaware when the gunmen came in.
After ordering all guests at the reception area into one of the rooms, one of the gunmen proceeded to the room where the owner of the hotel was and pumped bullets into him, accusing him of usurping the girlfriend of their boss.
The acting Police Public Relations Officer for Lagos State, Chukwuma Ozoani, confirmed the development,
Ozoani said four persons had been arrested in connection with the killing.
He said the case had been transferred to the State Criminal Investigations and Intelligence Department for further investigation.
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