9:32 AM, 21st October 2016, About 6 years ago
Hotel room investments are one of the newest and hottest products on the global property market. Part commercial property investment, part residential property investment, hotel room investment is one of the fastest growing forms of investment. Here is why.
The UK Hotel Market
PwC’s latest UK hotels forecast predicts that UK hotels will continue to see further RevPAR growth in 2015 and 2016, with the strongest growth forecast for the Provinces (4.2%) rather than London (2.3%) which already operates at a very high level. In general, demand continues to outpace supply growth, but supply continues to increase and above average growth is expected in 2016 – in total there are around 38,000 rooms in the active pipeline. The proportion of branded budget rooms in the active pipeline, including in London, remains high and investors continue to focus on this dynamic sector. While oversupply is a local issue the increases will impact some segments and locations. At the same time the increase in alternative accommodation such as serviced apartments, hostels and shared spaces continue to grow.
The Manor House at Hallgarth
Earn 8% Net Rental Income Straight Away – Zero Stamp Duty
Set within 4 acres of tree lined and walled gardens, The Manor House at Hallgarth is already a busy and polished hotel offering with a popular wedding proposition. It is however the hotel’s strategic modernisation, new orangery and overall extension, along with its alignment with its sister hotel “The Town House” just three miles away in Durham town centre, that present a new and exciting opportunity to local trade, hotel guests, bridal parties and investors alike.
InvestorS pay an initial £2,500 deposit (which is deducted from the overall £75,000 investment on exchange) the remaining cash investment of £72,500 is payable on 28 day exchange Plus there is a guaranteed rental on each room so the investors earn straight away.
After a busy couple of weeks since the development’s launch in early October, there are now only a handful of units left for sale. To reserve a final unit, make sure you show your interest now.