Assignment: For Van der Valk Hotels, Invast Hotels has valued the real estate and business operations of five hotels in the north of the Netherlands with a total of 470 rooms. In addition, Invast Hotels has conducted the appraisal of the land value of a hotel development in the same region.
Legal rent review valuation (Section 303)
Renting a hotel is subject to specific rental legislation, namely the retail rent regime, often referred to as ‘shop rental’ legislation (Section 7:290 et seq. of the Dutch Civil Code). The rental/letting of hotels must also be conducted under this rent regime. It is important for tenants and landlords of hotels to mirror the rent on the rents of other, comparable hotels. The rents of comparable hotels are also called the reference rents, which are the benchmark for ensuring that the current rents are correct. The specialists of Invast Hotels can determine the actual rent for your hotel, based on its situation.
Section 7:303 of the Dutch Civil Code gives both investors and tenants the legal option of a rent review. This can mean a significant reduction or increase in the rent for landlords and hoteliers. In principle, a request for adjustment of the rent can only be made after the first rent period has expired. Subsequently, at least five years must have passed since the last rent adjustment.
Reference projects legal rent reviews
The rent review is based on comparing the rental value of the relevant property with several reference properties. The rental values of these reference properties over the past five years are factored in the moment the hotelier files a review order. Although the rent is often related to the turnover of a hotel, a rent review does not take into account the operating results of the hotel. The process is based on a mere comparison with the rental values of reference properties. Invast Hotels has many reference data available, especially in Amsterdam and other major cities in the Netherlands.
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Assignment: Another hotel in Amsterdam’s historical centre that has been successfully sold for the same owner by Invast Hotels. This owner keeps opting for Invast Hotels because of a combination of solid market knowledge, an extensive network and a very personal approach.
Assignment: Supervising the sale of a hotel ship is extremely complex. This requires not only a thorough knowledge of the market and an extensive network, but also insight into this complexity. The private owner found Invast Hotels to be the best partner for supervising the sale of property and operations.
Assignment: For Win Hotels several new and existing hotels with various concepts and in total 836 rooms in Amsterdam Centre, Noord and De Pijp were valued by Invast Hotels.
Engagement: Invast Hotels has succesfully supervised the sale of the property and the hotel operation of this beautifully located hotel and conference centre.
Assignment: Invast Hotels supervised the sale-and-franchise-back construction for Accor Nederland of this Ibis formula hotel.
Engagement: Invast Hotels acted on behalf of the vendors to sell this former office building in the Zeeburg district for development into a three-star city hotel.
Assignment: When easyHotels started their completely new concept in the Netherlands, Invast Hotels was engaged for the valuation of the first hotel in Amsterdam. After this project Invast Hotels is involved in more appraisals for other easyHotels.
Assignment: Invast Hotels handled the renting of one of the most prestigious locations and buildings for a hotel in Amsterdam. During previous collaborations, Invast Hotels has proven to be a reliable partner with highly specialised knowledge, a broad network and a very personal approach.
Assignment: For the commissioning bank, Invast Hotels took care of both the feasibility study and the appraisal upon delivery of this 4 star hotel located near Schiphol Airport.