RNS Number:8353X
Channel Hotels & Properties Limited
27 June 2002


Letter to RNS
Letter dated 26th June 2002

Under Rule 3 of the Rules Governing Substantial Acquisitions of shares I would
like to notify you of the following transaction concerning a recent purchase of
shares in Property Acquisition & Management Limited.

Registered Owner                          Channel Hotels & Properties Ltd
No. of shares bought                      600,000
% of issued class                         1.042%
Class of Security                         Ordinary shares of 10 pence each
Date of transaction                       24th June 2002
Total holding following
notification                              4,375,025
Total % holding following
notification                              7.597%

Letter from  Barrie Melvin, Director, Channel Hotels & Properties Limited



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