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London Commercial Property News: Hotels 'an astute investment' ahead of the Olympics

By: Paramount-Magazine  Published Date: 25 Jul 2011 16:05
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People who invest in hotels for sale in London ahead of next year's Olympic Games could be making a wise move.

Peter Mindenhall, researcher at IPINGlobal.com, pointed out: "The hotel industry has been very astute, with many large hotel chains investing in new hotel buildings or revamping old ones to capture as much Olympic business as they can, which will continue to pay off even after the event."

He noted that the Games, which kick off next July, will cause "a large influx of buying public across the majority of high street retail sectors".

"Few companies would turn down an opportunity for this level of exposure to international walk-in consumers," Mr Mindenhall added.

Those who make retail property investments in London will continue to notice a rise in rental yields based on this high level of demand all the way up to the historic sporting event, although it remains to be seen if this can be sustained after the Olympics.

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