Luxury Hotel of Geissens: Auction auction averted - but what's next?
Luxury Hotel of Geissens: Auction auction averted - but what's next?
Grimaud, Frankreich - The Geissens faces a dramatic turn regarding their luxury hotel “Maison Prestige Roberto Geissini” on the Côte d’Azur. On Thursday evening, an appeal against the upcoming foreclosure was submitted to the responsible court. This calling has suspensive effect, which means that the auction that was scheduled for April 25, 2025 cannot now take place. The French court checks the legality of the original decision, and this examination could take several months, such as Oe24 reported.
The foreclosure is about the recovery of tax debts of around 7 million euros, which have accumulated over the years 2010 to 2022, including default interest and fines. These financial demands are addressed to Whereland Real Estate SA, a company of Robert Geiss registered in Luxembourg. The French state levies claims on the tax debts, which also include allegations of inadmissible tax benefits in connection with the property in Grimaud, such as point out.
background of the financial problems
Robert Geiss has been concerned about the excessive claims of the authorities in the past. Despite these loads, the rental agreement for the hotel remains valid, and the original purchase of the property took place in 2008; The hotel itself was opened in 2015. According to French tax law, it would have been necessary to resell the property within five years in order to be able to benefit from certain tax benefits, which the Geissens apparently has not succeeded.
The hotel has four villas, three pools and 16 rooms and continues to attract guests. Nevertheless, the financial situation remains tense. The hotel's Instagram account gives the impression of a normal running company without pointing out the current financial difficulties. However, Robert Geiss is optimistic about the appeal and emphasizes that he can master the situation.
Tax aspects in France
The complex tax regulations in France represent a challenge for foreign investors. According to Cabinet Vigier , the buyer is subject to several tax levies in France. Real estate income must be taxed in France, even if the owner comes from Germany. There is also an agreement to avoid double taxation between Germany and France, which applies to natural persons resident in Germany.
Anyone who realizes real estate gains in France must count on taxes of up to 39.5%, consisting of income taxes and social security contributions. Careful planning and individual advice are therefore essential to avoid financial disadvantages in real estate business in France.
Overall, the financial situation of the Geissens remains tense, and the coming months will be crucial for the whereabouts of their luxury hotel on the Côte d’Azur. The legal disputes could have far -reaching effects on their business activities and influence the future of their real estate projects in France.
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| Ort | Grimaud, Frankreich |
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