X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-London’s smaller hotels are shrugging off the slump in the tourist market and the general economic slowdown, according to new research from Chesterton. Property values in the central London independent hotel sector remained buoyant and prices achieved so far this year have showed no decline on the previous twelve months.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.