Released on = April 5, 2006, 2:43 am

Press Release Author = Guesthouse West

Industry = Consumer Services

Press Release Summary = GuestInvest, the company behind Guesthouse West, the UK's
first hotel buy-to-let scheme, has announced the launch of Nest, a luxury 170-room
hotel in Paddington.

Press Release Body =

GuestInvest, the company behind Guesthouse West, the UK's first hotel buy-to-let
scheme, has announced the launch of Nest, a luxury 170-room hotel in Paddington.
Scheduled to open for business in early 2007, Nest is located close to major
transport links and within easy reach of Heathrow Airport, making it an attractive
proposition for frequent fliers and business travelers.

As with Guesthouse West, Investors can buy their own fully-maintained room at Nest,
stay there for up to 52 nights a year for free, and receive 50 per cent of the
room's income which is let out by the hotel on their behalf throughout the year.
Rooms went on sale off-plan to investors in February, priced from £175,000 for a
999-year lease and include complimentary membership of exclusive London members'
club Home House.

Rooms at Nest have been designed by exciting new UK architects Cowie Dalgleish
Montgomery who, in a unique collaboration with leading British super yacht builders
Pendennis, will apply boat builder ingenuity to the hotel's design. The design of
each room has focused on giving guests the best night's sleep and the highest level
of comfort, with bespoke hand-made beds from Savoir Beds, wireless access,
power-showers and a 24 hour concierge service.

Rooms at Guesthouse West in Notting Hill, which launched in April 2004 sold out
within weeks. Investors there are already seeing returns in excess of 6.5 per cent
in the first 18 months of ownership, and those who have since sold their rooms are
seeing capital growth of 10 per cent. With London hotel occupancy rates for 2006
estimated at over 80 per cent, similar returns are anticipated for Nest.

Johnny Sandelson, CEO and founder of GuestInvest said: "Through GuestInvest we are
effectively creating a brand new asset class which is now a recommended SIPP*
investment with very attractive tax advantages. Nest also allows us to meet the
demand from those who missed out on investing in Guesthouse West, and offers a
fantastic opportunity to invest in a secure, hassle- and maintenance-free asset."

Latest research suggest that London is a magnet for overseas visitors and an
exciting market for hotel owners, welcoming over 11 million tourists and business
travellers each year. In the first eight months of 2005, occupancy rates for London
hotels were 79 per cent and are expected to rise, while revenue per available hotel
room in the same period has also seen a 2.8 per cent rise.

Those interested in finding out more about Nest or Guesthouse West should call 020
7747 6880, log on to www.guestinvest.com, or visit GuestInvest's showroom at 87 St
James's Street where a life-size Nest room is on display, London. The showroom is
open from Monday - Friday 10am-6pm.
ENDS
* Investors purchase a GuestInvest room as part of a SIPP should note that while
they are unable to stay in their room, their return on investment will rise
accordingly as the number of let-able nights increases.

For further information please contact:
Gabby Wilson on 020 7792 9800/ gabby.wilson@guesthousewest.co.uk

Notes to editor:
About Guesthouse West
Launched in April 2004 Guesthouse West, www.guesthousewest.co.uk, has made its name
as one of the hippest places to stay in London. Built on a chic but cheerful concept
all 20 rooms have ensuite facilities, Wireless Broadband, Flat screen TV/DVD
technology and toiletries by Molton Brown.

About GuestInvest
GuestInvest, www.guestinvest.com, created by developer Johnny Sandelson, is a scheme
designed to promote the sale of hotel rooms to investors, launched in April 2004.
Under the GuestInvest deal, investors can buy their own room in a hotel, stay there
for up to 52 nights a year and receive a return on their investment by allowing the
hotel to let the room out for the remainder of the year.


Web Site = http://www.guesthousewest.co.uk

Contact Details = 163-165 Westbourne Grove
Notting Hill London W11 2RS
T: +44 (0)20 7792 9800
F: +44 (0)20 7792 9797
E: Enquiries@guesthousewest.com