News

Paddington hotel for Guest Invest

13 Oct 2005 by business traveller

The company that offers hotel guests a share in its properties is opening a second hotel in London.

Investors can register their interest to buy a room in the hotel near Paddington Station, due to go on sale in early 2006.

In return for an outlay of around £200,000, buyers will receive a 999 year leasehold on the room, and 50 per cent of its income. They will also be entitled to stay in the room for up to 52 days per year, for a nominal fee of £10 per night.

The Paddington hotel will be the second to be opened by Guest Invest, after the success of Guesthouse West in Notting Hill last year. Ideally located for travellers arriving from London Heathrow, the rooms will be tailored to the needs of the business traveller, with amenities such as broadband and wifi internet access.

A spokesperson for Guest Invest said: "The latest offering is designed to provide a viable alternative to the London pied-a-terre market, where investors can buy their own room in a hotel, without the hassle of maintaining a second home, and reap the revenue from their hotel room for the rest of the year."

To register interest in the Paddington property, or for further information go to www.guestinvest.com.


Report by Mark Caswell


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