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Land borders: East London Boom Room Set
Land borders: East London Boom Room Set
(Nasdaq) 27 October 2011
A recent report by PricewaterhouseCoopers (PwC) in the hotel market in the capital recently said that the City of London, the best performance was in Europe last year.
as “the world is known in a city that remains one of London’s most popular tourist destinations and popular in the world attracts more than 26 million visitors per year from all over the world. And with a growth of 5% per year (International Passenger Survey Q1 2010 ) and more than 500,000 additional visitors in 2012 expected because of the Olympic and Paralympic Games, the report says, the outlook for the tourism industry in London and confidence in the market hotel in London, is mainly in the east of the city through the roof.
is also the PwC report that expected in July 2011, hotel occupancy reached 92%, the demand exceeds the supply in the next year in Q3 2012 due to a combination of attraction of tourist events, including the Olympic Games and the Diamond Jubilee celebrations of the Queen. In fact, as demand increases, PwC estimates that the average rate in Q3 2012 in London, £ 183 could reach, resulting in an increase of 36% growth in average room rates.
Ray Cruz, Director of Borders as an investment property expert commentary Property
“The hotel market in London this year is near a two-digit growth during 2012 is expected to be a record year for the hotel market. The London Plan, a strategy has made guide by the Mayor of London, the goal of an additional 50,000 hotel rooms 2006-2026 were taken between 2010 and opened this year, more than 5,000 new rooms or reopened in response to the growing demand for housing. “
In fact, the demand skyrockets several hotel brands including Holiday Inn Express and suddenly appear all over the city, especially in the east of London, not only driven by the new Olympic Park, but, but the creation of new special industrial zones , including the Royal Albert Dock, the launch of the Westfield Shopping Centre in Stratford and the extension of the ExCel Exhibition Centre and London City Airport.
tourists spending over £ 9300000000 a year in the city and an expected increase in the number of visitors, new hotels in East London is a welcome addition to a very rare occasion, after leaving the investors take a piece of the action.
Cruz says:
“production more experience in a hotel that allows real estate investors are limits to the whole world a unique opportunity, one asset class rarely gain access to the people. Holiday Inn Express, which is one of the seven brands of the world’s largest company Hotel, Intercontinental Hotels Group Plc, which is capable of the base for Royal Albert, provides an excellent reputation with three people check into a Holiday Inn Express each Second, investors will have the opportunity to enter at low cost in the coveted and gain sought lucrative market in London. In addition, many investors are in front of the investment hotel rooms, because the defect was viable on an exit strategy, but with this particular development, there is a share repurchase plan at the end of the investment. “
22% below RICS independent ratings and VAT paid by the developer, investor saves a substantial £ 25,000 affordable, Holiday Inn Express, Royal Albert Dock welcomes buyers from around the world, under the condition that not funding at the end of 50% available.
September over four floors and comprises two buildings with 204 rooms with private bath, investors can book a hotel room into a lease of £ 125,000 the year 199 and buy a Holiday Inn Express brand to establish, an investor has projected net profit 10.5% for 5 years and a defined exit strategy.
For further information on investment in this lucrative market contact property borders now experts +44 (0) 1865 202 700 or visit http://www.propertyfrontiers.com.
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