PAQ Paq Intl

RNS Number:3477C
Channel Hotels & Properties Limited
10 October 2002



Letter to RNS 


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               2,600,000 
% of issued class                  4.515%
Class of Security                  Ordinary shares of 10 pence each  
Date of transaction                10th October 2002
Total holding following 
notification                       15,886,547 
Total % holding following 
notification                       27.588%

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


Letter from G.C.B. Melvin, Director, Channel Hotels & Properties Ltd.


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

END
SADILFLDIALILIF

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