Guest Invest

Friday, May 7 2004 A new hotel in Notting Hill is offering travellers an opportunity to save on hotel bills when staying in London, as well as a good rate of return on a new kind of investment. Guesthouse West is a brand new venture aiming to be a luxurious modern hotel providing a quiet atmosphere for people staying there, as well as good accessibility to all the attractions the capital has to offer. It is aimed at creating a home from home for guests, with modern surroundings and catering by Alistair Little. Since opening in March occupancy has been running at 85%, and this figure looks set to increase as the summer arrives. The hotel is also an investment opportunity for businessmen or companies who are looking to save on hotel costs for those staying the night as well as a return on investment. Rooms are for sale on a 99-year lease at prices which start at £235,000. Investors can stay in their room for up to 52 nights a year, and get up to a 7% return on their investment by allowing the hotel to let the room out for the reminder of the year. When a customer stays in an investor's room, the price of the stay is split 50/50 between the hotel owners and the investor, so each time a person stays there they will make £75 (half of a £150 charge per night). Johnny Sandelson, who devised the scheme, said: 'The scheme has been designed for private individuals who need occasional accommodation in London and other cities without the hassle of traditional property ownership. 'Until now, people wanting a place to stay in town either had to buy a flat or stay in a hotel Now they can enjoy the benefits of both.' To find out more about Guest Invest, telephone +44 (0)800 028 0268 or visit www.guestinvest.com.