GuestInvest plans to develop its buy-to-let hotel concept in Europe’s major cities, including London.
It has signed a £140m joint venture deal with Bank of Scotland Corporate to develop the concept.
It has just exchanged contracts to buy its third property in London, a City office block, for about £25m.
The new funding will enable it to buy out the backers of its second property, a £35 project in Bayswater, which will open next year.
References: The Times 29/06/06 page 54 (Need to know), page 56
