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GuestInvest collapses but interested parties emerge

GuestInvest was something of a ground breaker in its field being the only hotel company in the UK to embrace the buy to let philosophy in its business model. In affect the hotel group sold individual hotel rooms to investors, guaranteeing them up to 52 nights free accommodation a year as well as a guaranteed income when the rooms were let. Not only did this offer an interesting investment but it allowed the group to affectively reduce its capital investment costs while also taking a slice of the room income itself.

While many in the City were very wary of the business model, and ultimately in the current markets they were correct, it did actually go into administration earlier this week. However, many will be interested to see there has not only been interest from the founder of the group but a number of other parties with the possibility of the business living to fight another day.

Investors in the original group will be pleased to know that there lease agreements will be honoured in full if the group is taken over. Recent news would indicate that it was the fall of joint partner HBOS which has seen the group hit the buffers, even though times were tough before this.

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