PAQ Paq Intl

RNS Number:1523A
Channel Hotels & Properties Limited
19 August 2002


The issuer has amended the SAR - Prop Acq & Mang Ld announcement released 
today at 15:43 under RNS No 1382A.

The full corrected version is shown below.


Letter to RNS
Dated 19th August 2002


                                   AMENDMENT


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, of which the beneficial 
owner is this company.


Registered Owner                Channel Hotels & Properties Ltd
No. of shares bought            700,000
% of issued class               1.21%
Class of Security               Ordinary shares of 10 pence each
Date of transaction             16th August 2002
Total holding following
notification                     9,486,547
Total % holding following
notification                     16.47%

I further confirm that this company is not acting in concert with any other 
person.


Letter from  Barrie Melvin, Director
             Channel Hotels and Properties Ltd.



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

END
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