Additional Release Of Units In UK London Hotel Investment

9 November 2010

Following the outstanding success of the launch release of the rooms in the West India Hotel, Principal International are delighted to announce the release of the second phase of units in this new Holiday Inn hotel.This is an exceptional opportunity within the London hotel market as this hotel boasts a superb location in the environs of Canary Wharf. Unlike traditional hotel investment opportunities, the return that investors received is not just based on the room income but on all operational areas of the hotel, such as the bar, restaurant and conference facilities. These excellent rooms are priced substantially below a recent RICS valuation and should provide investors with a yield of 9 - 10 %.

This hotel investment is open to a wide range of purchasers, as the project offers non status finance of up to approximately 65% LTV. Investors can have peace of mind that their deposit is protected by an insurance policy and that their investment will be managed by Intercontinental Hotel Group, the worlds largest hotel brand, to ensure room rate and occupancy is maximised.

Investors will be assisted through the purchase process by an appointed specialist solicitor and the developer has also agreed to pay the VAT on behalf of the purchaser, saving the investor £32,375
This 4* hotel will be a landmark building set in the Canary Wharf area and will be arranged over 17 floors. The Canary Wharf area approaches a hundred acres in size and is home to a thriving bank and business and retail sector, set in 14.1 million square feet of office and retail space.

A total of 252 rooms will be offered by the hotel, with the majority of the guest accommodation being arranged over floors 3-14. The reception areas are to located on the ground floor in addition to a café and bar. The second floor is home to the conference facilities and meeting rooms; a restaurant and state of art gym are situated on the first floor.

The developers are due on site later this year to commence construction, with completion in the 4th quarter of 2011 and the hotel operational in time for the 2012 Olympics. Holiday Inn have been announced as official providers for the Olympics and this will surely assist the 90% occupancy rate achieved by all the Holiday Inn properties (central and greater London, excluding airport properties) in 2009.

To avoid missing this superb opportunity, investors are advised to act promptly, as the first phase sold out within days and there is limited availability in phase two

For Further Details visit Docklands Hotel Opportunity