“For a territory, the challenge is to successfully transform creativity into innovation that generates value. A creative territory is not merely a concentration of creative inhabitants, it’s about being home to places where creative people feel comfortable, and the right conditions exist for them to innovate. (…) A creative territory is an open-minded territory, one which soaks up the influences, techniques and cultures from the whole word.”
Litigations and disputes are liable to emerge at all stages of a hotel’s lifecycle – from purchasing or investing in the land or property to the construction or renovation of a hotel, and the hotel’s operation. Several actors are implicated at each of these stages: investors, entrepreneurs, suppliers, management companies – just to quote a few.
When a buyer is considering whether to invest in the bricks and mortar (real estate) and the goodwill (business), we are often asked whether both components should be lodged within the same structure or whether there is a fiscal advantage in setting up an ad hoc company – distinct from the hotel’s operation – for the ownership of the real estate.