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Saturday, October 15, 2011
New London Hotel Room Investment Launched - Holiday Inn Royal Albert Dock
Over the past few years London has become one of the globe's most popular locations for business and tourism. According to Q1 2011 figures released by the official Visit London website, the UK's capital city has seen an increase of 4.5% in holidaymakers and a 7.2% increase in business sector visitors compared to figure from last year.
The popularity of the city is further highlighted by the Q1 provisional figures from the International Passenger Survey, which has revealed a 5.2% increase in arrivals to London when compared to the same time in 2010.
With increasing numbers of overseas visitors staying in the capital city, the demand for hotel rooms has increased rapidly which has resulted in a surge in London hotel room investment.
According to a survey conducted by Pricewaterhouse Coopers (PWC), London hotel occupancy levels are set reach 92% in 2012, with revenue per room predicted to grow 40.3%.
According to the PWC report, the increased demand for London hotel rooms is not just due to the 2012 Olympic Games, but down to the popularity of the city which attracts high levels of tourists each year.
Due to London's established tourism industry, hotel property investment has become a popular choice for investors as it offers a hassle-free way to enter the UK buy to let property market.
With the targeted completion date of Q1 2013, Holiday Inn Royal Albert Dock Hotel is an excellent opportunity for investors to enter in the London hotel property investment market.
With an October 2011 official launch date, Experience International is offering this lucrative hotel property investment to investors. The London-based firm has tipped the hotel room investment as one to watch, due to its reduced launch price and potential capital growth.
"We're pleased to offer rooms at the Royal Albert Dock Hotel substantially below the RICS valuation," Steven Worboys, MD of Experience International comments.
"A recent RICS valuation valued the rooms at 161,000 however the launch price for these units is just 125,000. The rooms are purchased on a leasehold basis similar to an apartment with a lease of 199 years," Worboys continues.
Appealing to those looking to enter the UK buy to let property market, the developer offering the hotel room investment has agreed to pay the VAT for investors, saving the purchaser a capital outlay of 25,000. The buyer agrees to reclaim the VAT and repay the developer - a VAT consultant will assist the purchasers with this.
This hassle-free UK buy to let investment at the Holiday Inn Royal Albert Dock Hotel will be operated under the Holiday Inn Express Brand, which is one of the seven brands of Intercontinental Hotels Group.
If you would like more information about London hotel room investment, please contact Experience International on 0207 321 5858 or email firstname.lastname@example.org.
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Posted by Staff at 8:41:00 AM