New Delhi: Are you bored of checking in and out of hotel rooms? Why not own one of the rooms, that too in London for ?2,65,00.
Guest Invest, a London-based firm, is wooing Indians to buy hotel rooms in London, promising handsome returns on investments. The company also plans to offer the same in Indian hotels by next year.
A new concept in commercial property investment, the firm takes care of the rooms on behalf of the investors on a revenue sharing basis.
The company will be launching its campaign in Mumbai to invite investors and will be spending $5 million on media campaigning.
At present, the firm has rooms on offer from Nest Hotel at Paddington, London, near Hyde Park. Nest is a 200-bed hotel and is in one of the most posh localities of London.
The firm ensures that investors get six per cent return on investment, which is approximately about ?17,000 a year. Moreover they can stay 52 nights free in their room.
Guest Invest is currently in talks with two hotels in Mumbai for a similar business model aimed at investors not only in India but elsewhere too. They also ensure that the rooms are no less than four star.
The firm hopes to begin business in India by February next year, however it declined to disclose the two hotels it is in talks with.
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