The Hoxton hotel in Shoreditch, London, has been put up for sale, with a guide price of £67.5m. Created in 2006 by Sinclair Beecham, one of the original founders of the Pret A Manger sandwich chain, the hotel periodically offers five rooms per night at £1 and five at £29 for a three month booking period. The hotel has seven meeting rooms and the Hoxton Grill, which is operated by the Soho House Group. Dominic Mayes, head of hotels at Knight Frank, which is marketing the property, said: "The hotel business in London is currently trading strongly and as a consequence the appetite for hotel property in the capital from investors, in particular from overseas, is strong. "International buyers are leveraging off the relative weakness of the pound and see good growth prospects in the hotel sector in London, particularly now that the 2012 Olympics are not far away and some early signs of economic recovery apparent."