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New Buy-to-let Hotel in London
A new buy-to-let hotel is to be established in London following the success of the first.
GuestInvest launched the UK's first buy-to-let hotel last year and the popularity of that development has led the company to start work on another hotel.
Nest is scheduled to open for business in 2007 and will be situated in the Paddington area of London, where GuestInvest is hopeful it can prove a popular investment with people due to its location near the busy Paddington station.
Rooms at the current GuestInvest hotel, Guesthouse West, went on sale in April 2004 and proved hugely popular, which has resulted in the company deciding to open up a second hotel in the capital.
"Through GuestInvest we are effectively creating a brand new asset class," explained Johnny Sandelson, CEO and founder of GuestInvest.
Mr Sandelson added: "Nest also allows us to meet the demand from those who missed out on investing in Guesthouse West, and offers a fantastic opportunity to invest in a secure, hassle- and maintenance-free asset."
With research revealing that London is proving increasingly popular with overseas visitors, the buy-to-let hotel concept may become more popular than ever in the years to come.
This article is provided by Hotels Hotels Hotels suppliers of cheap hotels in London
Updated: Thu, 06 Apr 2006 00:00:00
Related Links:
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