RNS Number:9932O
Property Acquisition & ManagementLd
19 December 2001

Following the purchase of 1,097,932 Convertible Redeemable Preference Shares
of 100p on 18 December 2001, Channel Hotels and Properties Limited are now
interested in 1,097,932 Convertible Redeemable Preference Shares representing
10.031% of the issued share capital of that class



Date Company informed: 19 December 2001


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