RNS Number:1167Z
Channel Hotels & Properties Limited
26 May 2004


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 The Westbury Property Fund.

Registered Owner                            Channel Hotels & Properties Ltd
No. of shares PURCHASED                     500,000
% of issued class                           5.094%
Class of Security                           Ordinary Shares of 10 pence each
Date of transaction                         25th May 2004
Total holding following notification        500,000
Total % holding following notification      5.094%


From   G C Barrie Melvin, Director, Channel Hotels & Properties Limited


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

END
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