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RNS Number:1417A
Property Acquisition & ManagementLd
19 August 2002


Following purchases totalling 5,000,000 Ordinary 10p Shares on 14 and 15 August
2002 Channel Hotels and Properties Ltd are now interested in 9,486,547 Ordinary
10p Shares representing 16.47% of the issued share capital of that class.

Following a sale of 1,000,000 Convertible Redeemable Preference Shares of 100p
each on 15 August 2002 Channel Hotels and Properties Ltd are now interested in
132,124 Convertible Redeemable Preference Shares of 100p each representing 1.21%
of the issued share capital of that class.


Date Company informed: 19 August 2002



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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