RNS Number:4771B
Property Acquisition & ManagementLd
20 September 2002


Following a purchase on 20 September 2002 of 1,500,000 Ordinary 10p Shares
Channel Hotels and Properties Ltd are now interested in 11,936,547 Ordinary 10p
Shares representing 20.73% of the issued share capital of that class.

Date Company informed: 20 September 2002


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