Katie Price is reportedly planning to open her own boutique hotel in London, in a bid to make herself more financially stable.

After losing a raft of magazine deals following her acrimonious split from Peter Andre, Katie Price is hoping that property will help to boost her income.

Katie’s friend told The Mirror:

“Now that the recession is supposedly over she has been advised that property is becoming a more stable investment. After splitting from Peter Andre she felt the pinch after losing a few of her deals. And along with losing out on her monthly six-figure glossy magazine deals, her accountant called her in to have a chat about her finances.

“Katie knows her limitations, she doesn’t want anything massive.

“She just wants a small boutique hotel that she can feel comfortable in and have some privacy.”

However, we’re not sure that the elite of London will take to her idea of classy furnishings…..

“You can just imagine what the rooms will look like,” her pal went on.

“It will be top-to-toe in pink with fluffy carpets and pink flowery drapes. It will be like the Playboy mansion on crack. You could have breakfast in the Botox Lounge, or supper in the Spraytan Room. And you’d better bring a pink tutu for karaoke in the bar.

“Michelle Heaton, Danielle Lloyd and her hairdresser pals Gary Cockerill and Phil Turner will practically move in with any other Z-lister who wants to be seen.”

Would you stay in Katie Price’s pink palace? Leave your comments below!