Geissens in the crisis: Luxury hotel on the Côte d'Azur is auctioned!

Geissens in the crisis: Luxury hotel on the Côte d'Azur is auctioned!

Grimaud, Frankreich - The couple Robert (61) and Carmen Geiss (59), known for their reality TV show, faces a financial crisis that leads to a foreclosure of their luxury Hotel "Maison Prestige Roberto Geissini" in Saint-Tropez. According to OE24 is the starting price of the forced auction, which is set for April 25th.

The Geissens tax debts, which have accumulated from 2010 to 2022, amount to a total of seven million euros. This sum contains both default interest and fines and is the result of a dispute with the French state. The Turkish real estate investment company "Whereland Real Estate SA", which holds shares in the hotel and apparently belongs to Robert Geiss, is the focus of additional payment claims. The company had already acquired a property in Grimaud in 2008 to build several villas and renovate an existing building.

background of the tax debts

like Lessentiel reported that the French financial authorities emphasize the allegation that The Geiss family had used tax advantages through their property that did not exist. Originally, an expensive resale was planned for the property acquired to benefit from tax breaks. The hotel was operated in 2015 after no buyer was found.

The tax advantages that are advertised for real estate in France require that the objects must be sold within a five -year period. However, due to the global economic crisis and the associated building delays, no buyer could be found. After this period, the tax examination led to the claims of the French tax authorities, which included not only outstanding amounts, but also interest and fines. A court in Draguignan then ordered the forced auction.

reactions and legal steps

Robert Geiss has appealed against the forced auction and is optimistic that he can turn it off. He also commissioned lawyers to take legal action against the auction. On his Instagram account, which continues to show luxurious pictures of the hotel, the season starts 2025, which indicates that the Geissens are obviously trying to continue the hotel.

The complex tax regulations related to real estate in France are also a challenge for non -residents. Real estate income is taxed exclusively in France, which results from the agreement between Germany and France to avoid double taxation. This often requires individual advice on clarifying the tax obligations, such as Cabinet-Vigier . The Geissens will also have to deal with these challenges in order to clarify their financial situation and possibly escape from the crisis.