PRIVATE investors are being given the chance to build their own mini-hotel chain as a new property investment opportunity goes nationwide.
The scheme by GuestInvest, allows investors to "buy" a room in a hotel and stay in it for up to 52 nights of the year.
The hotel lets the room out for the remainder of the year and the revenue is split between the hotel and the investor.
Depending on rental occupancy, returns for the investor are predicted at about 6% over the next few years.
The scheme, which was launched in London earlier this year, has now been rolled out to include hotels in Cheltenham, Manchester, Brighton and Exeter, and Liverpool by spring 2006.
Johnny Sandelson, the founder of GuestInvest, said: "We're offering people the chance to join a new generation of hotel- keepers, investors who own individual rooms in a hotel but do not have the responsibility of running the hotel."
In total 153 rooms are up for sale on a 99-year lease, with prices starting at £140,000.
Finance is available through a major lender at 70% loan to value at base rate plus 2%.
