Assignment: Invast Hotels advised on the hotel operation of Cityhub Amsterdam.
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.
Assignment: Invast Hotels researched the hotel market in Arnhem and prepared a presentation for the development of the Bastion hotel.
Assignment: Invast hotels advised the municipality of Rotterdam regarding the Property Valuation Act objection procedure of Van der Valk Hotel Rotterdam Blijdorp.
Assignment: Invast Hotels has advised the municipality of Zoetermeer regarding the Property Valuation Act objection procedure of the Bastion Hotel.
Assignment: Invast Hotels has carried out research and has drawn up calculations for 28 bridge keeper’s cottages in Amsterdam. The municipality of Amsterdam wanted to let them as hotel rooms.
Assignment: Invast Hotels was consulted on the development of a hotel at Groot Handelsgebouw in Rotterdam.
Assignment: Commissioned by Carnival Cruises, Invast Hotels has written a consultancy report for the development of a hotel being a training centre in Almere-Duin.
Assignment: Invast Hotels analyzed and reported a business loss.
Assignment: Invast Hotels provided the analysis for the development of the hotel operation on behalf of Lindner Hotels.
Assignment: at request of the municipality of Amsterdam, Invast Hotels provided advise for the development of WOW hostel Amsterdam.