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Apr 7, 2006
GuestInvest, the company behind Guesthouse West, the UK's first hotel buy-to-let scheme, has announced the launch of Nest, a luxury 170-room hotel in Paddington. Scheduled to open for business in early 2007, Nest is located close to major transport links and within easy reach of Heathrow Airport.
As with Guesthouse West, investors can buy their own fully-maintained room at Nest, stay there for up to 52 nights a year for free, and receive 50 percent of the room's income which is let out by the hotel on their behalf throughout the year. Rooms went on sale off-plan to investors in February, priced from £175,000 for a 999-year lease and include complimentary membership of exclusive London members' club Home House.
Rooms at Nest have been designed by exciting new UK architects Cowie Dalgleish Montgomery in collaboration with British super yacht builders Pendennis. Each room features hand-made beds from Savoir Beds, wireless access, power-showers and a 24-hour concierge service.
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