Hotel sector

The economic downturn is causing lower occupation levels for hotels and restaurants, and consequently pressure on prices. Nonetheless, in recent years, there has been a noticeable increase in the development of top quality hotels at top locations in the Netherlands.

Market developments in the hotel sector

This trend can be explained not only by the fact that until recently the Netherlands had a shortage of high-end hotel chains at top locations, but also through the need to redevelop empty offices.

When this hotel development leads to a surplus of hotel rooms in the big cities the situation reverses. We already see the first real estate parties abandoning original plans to convert an office into a hotel.

A specific relevant factor in the hotel world is that ownership and exploitation of hotel chains are generally in the hands of different parties. 

Mazars adds value

The staff of Mazars are regularly involved in fiscal advice on the (re)development and management of national and international hotel chains. For redevelopment projects the fiscal issues relate mainly to VAT and transfer tax. For hotel chain management the focus is on the financing structure and the position of the real estate within the legal structure of the chain.

Thanks to the experience of the staff of Mazars in the fiscal guidance of hotel chains, we can give you the best advice in this area.

Other Mazars services

In addition to our specialist real estate knowledge, Mazars offers a broad range of services such as accountancy and tax services, and can help you with problems in areas such as strategy, valuation issues, liability, IT, subsidies, training, and personnel policy. Our short communication lines enable us to quickly bring you into contact with the right person. This means that we are able to provide you with concrete, up-to-date advice.

The team

Would you like to know more? Then contact Walfried van Egeraat (by e-mail or by phone: +31 88 277 20 90).