Previously known as the Premier Inn Manchester North, the 42-bedroom Comfort Inn Manchester North is ideally located for leisure and business travellers alike. The hotel is situated close to the Bowker Vale tram station with its direct links into Manchester City Centre and only eight miles from Manchester International Airport. Easy access to excellent road and rail networks makes the Comfort Inn stand out among other hotels in Manchester.
The Investment offers a rare opportunity to generate a secure 5-year fixed return via the purchase of a hotel room asset in the Comfort Inn. Leasehold owners of the hotel rooms shall benefit from a fixed income stream equal to 8% net of their purchase price. Income will be paid monthly in arrears as a net figure, no additional costs or fees shall be placed on the leaseholders. The ownership model has been engineered to provide a clear exit strategy at the end of year 5 via a developer buy-back equal to 110% of the original purchase price.
Hotel room investments are one of the newest and hottest products on the global property market. Part commercial property investment, part residential property investment, hotel room investment is one of the fastest growing forms of investment. Hotel rooms are the perfect investment, you invest in a room (or rooms) and sit back and collect the income.
The UK is set to see a boost in overseas tourism as a result of the weaker pound following last year’s EU referendum. PwC expects growth in the first half of 2017 to build on from the strong sector performance at the end of 2016 driven by the fall in the pound and a more resilient than expected UK economic performance in 2016. Occupancy remains high and is expected to grow 0.9% to 82% in 2017, while average daily rate (ADR) is set to increase 2.4% to £146. Occupancy is expected to increase a further 0.5% in 2018 with ADR set to increase 2% to £149.
In general, demand continues to outpace supply growth but supply continues to increase, this year is expected to see 20,000 rooms added to the UK hotel supply up from 16,000 in 2016. For the UK regions, overall hotel capacity could expand by 12,000 rooms in 2017, meaning a 2.4% net rise – one of the highest growth rates since 2008.
1/ £6,000 RESERVATION FEE
(£1000 admin fee, £5000 towards the property)
2/ PAY THE REMAINING £75,000
(within 28 days of reservation)