GuestInvest – the company behind the buy-to-let scheme for hotels which launched Guesthouse West in Notting Hill two months ago – has announced plans to spend £300m building a chain of property investment hotels around the UK.

Under the GuestInvest deal, investors can buy their own room in a hotel, stay there for up to 52 nights per year and receive a return by allowing the hotel to let the room out for the rest of the year.

Following the success of Guesthouse West – 16 of the 20 rooms have already been reserved for sale at £235,000 each – GuestInvest is looking to purchase 30 new hotels across the UK.

It is currently looking at properties in major towns in the Midlands, the south west and Scotland including Edinburgh, York, Manchester, Bristol, Oxford and London.

The expansion plans have been announced just a week after a report by the Royal Institute of Chartered Surveyors which shows many buy to let investors are moving from residential to commercial property.

The report showed the proportion of private individuals investing in commercial property has increased from two to 10 per cent since 2000 and also that commercial property has outperformed shares over the last decade – giving a 174 per cent return against 81 per cent.

Johnny Sandelson, the founder of GuestInvest, said: “GuestInvest is a quilt-edge investment designed to give private individuals a lucrative slice of the hotel property market.

“They benefit from a pied a terre, a home away from home, but without the hassles of traditional property ownership, as well as enjoy an attractive return on their investment.”

The company’s expansion plans are being funded through private investment. Details: www.guestinvest.com