UK Hotel Projects Failure - Singaporeans Lost Money

Losing money.  The project looked very enticing.  Buy a hotel room. Get a high return, promised - 8% of property cost on an annual basis.  That was the promised return.  Wow.  Cool.  The hotel brand looked reputable - IBIS.  Let's jump in.

Then the scheme started to unwind, because of financial issues with the company (Hotel Options) that sold the hotel rooms to investors.  This company was already in financial trouble, when selling these hotel rooms to the investors.  Now the company is under administration as the creditors took legal action against this company.

Obviously, this company did not reveal all these financial problems to the investors when they were marketing the products.

We have no invested in such instruments (like Hotel Rooms, Student Accommodation) for many reasons.

Another important reason - how do you 'own' a hotel room?  What rights do you have to that "room"? It is very different from owning a property in the UK, be it a studio apartment, a one or two bedroom apartment or even a house.  You get a proper title deed lodged with the UK Land Registry.

Suffice to say, be aware of all the risks before you jump into such investment.  When things look too good to be true, they usually are.

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Marks and Spencer Cafe (M&S) at High Street Kensington

Marks and Spencer - Cafe. This was the M&S at High Street Kensington. Came here to do some shopping and stopped for a coffee break. Very nice environment and a great place to chill and relax for a bit.

 

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Imperial War Museum, London, UK

A visit to the Imperial War Museum.  We visited in late 2014.  Took the tube to Lambeth North and walked here.  The museum was free to visit.  A great place to bring the kids too.  There was a special World War I exhibition that was very well curated.



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