Discounted hotel rooms in superb location, with profit share operated by a major hotel brand providing "hands off investment"

West India Dock Hotel

Principal International are delighted to offer this exceptional opportunity within the London hotel sector.

The West India Dock hotel investment is priced substantially below the RICS valuation and rewards the purchaser with excellent returns based upon the net profit accumulated from room usage and other areas of the hotel's operation, including the restaurant, conferencing facilities and food and beverage, based upon room type. The rooms are projected to produce returns of 9-10%.

Clients can reserve a unit for just £5,000 and can take advantage of the non-status finance available at approximately 65% of the purchase price. Rooms are sold on a leasehold basis with a 999-year lease. We are advised that this project is SIPP positive although approval is required from individual SIPP providers. VAT will be paid for the investor by the developer saving purchasers up to £39,800.

These hotel rooms offer a truly "hands off investment" as this striking building will be completed to a 4* standard. Investors can be reassured that a global operator will be managing their room.

The hotel will offer 252 rooms with the majority of the accommodation being arranged over floors 3-14. The ground floor will be home to reception areas in addition to a café and bar. Conference facilities and meeting rooms will be located on the second floor and a restaurant and state of art gym on the first floor. Completion is targeted for the 3rd Quarter of 2013.

This hotel will be a landmark building set in the environs of Canary Wharf and will be arranged over 17 floors. The Canary Wharf area approaches 100 acres in size and is home to a thriving bank, business and retail sector, set in 14.1 million square feet of office and retail space.

The Olympic Village is just 15-minutes away, which is expecting 500,000 visitors during the 2012 Olympics and this will raise awareness of the area and enhance the 90% occupancy rate achieved by existing hotels managed by the same operator (Central and Greater London, excluding airport properties) in 2009.

Hotels within the Canary Wharf area enjoy excellent occupancy and achieve room rates in excess of the predicted rates used in the financial example. This has been identified by the valuation report but also confirmed by our own research.

As you would expect, availability on this project is strictly limited, purchasers can choose between double standard rooms or 56 executive rooms. We would recommend investors act promptly to take advantage of exceptional opportunity.