Of the 700 private hotels in London, 18 have changed hands so far this year, compared with 23 in 2000. The market has been strongest in the Bayswater,W2, district where hotels have been selling for an average of 27% higher than in 2000.
Joel Goldman Head of Chesterton's hotels department forecast the strong market will continue into 2002: 'With interest rates remaining low, Central London hotel property remains an attractive investment offering the prospect of capital appreciation and attractive income growth potential,' he said.
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