The scheme, as reported in The Guardian, allows people to buy hotel rooms and stay as and when they please. They also have the added benefit of receiving 50% of the room revenue every quarter, earned from guests when they use the room. The rooms must be occupied for the investor to make money from the scheme, and service charges are approximately £500 per year.

Andrew Lockie, who paid £250,000 for a room, receives a cheque for between £4,000 and £5,000 every quarter. He said:

"I probably only stay there 20 nights a year, but we offer the room to friends and family."

Johnny Sandelson, founder of GuestInvest, said:

"We have ambitions to open hotels in all the major cities of the world."