The sale of the 79-room Albany Hotel at 4-12 Barkston Gardens,London, SW5, and the 69-room Kensington Edwardian Hotel at 40-44Harrington Gardens, SW7, means KAIC has now relinquished all of itsUK assets.

Joel Goldman, director of Chesterton's licensed, leisure andhotels division, which acted for KAIC in the sale says he believesthis transaction shows not only prevailing confidence in the marketbut also the continuous demand of buyers for hotel property inCentral London.

A new report on the hotel forecasts more hotels will come on tothe market as a result of the terrorist bombings. Knight Frank's UKHotel Review went to press before 11 September but hotels partnerColin Hall says subsequently: "In the light of 11 September, we areexpecting to see supply levels increase. This will present thehotel industry with renewed opportunities for expansion and newventures."

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