Federal Act
on the Acquisition of Immovable Property
in Switzerland by Foreign Non-Residents
(ANRA)

An apar­thotel is a new hotel or a hotel re­quir­ing renov­a­tion that is in the con­domin­i­um of the hotel pro­pri­et­or, for­eign non-res­id­ents and, if ap­plic­able, third parties, provided it meets the fol­low­ing re­quire­ments:

a.

the hotel pro­pri­et­or owns at least a 51 per cent share of the value of the prop­erty in the form of spe­cial fit­tings and in­stall­a­tions for the hotel busi­ness and ac­com­mod­a­tion units;

b.

at least 65 per cent of the value of the ac­com­mod­a­tion units is per­man­ently man­aged as a hotel op­er­a­tion, in­clud­ing all the ac­com­mod­a­tion units owned by the hotel pro­pri­et­or;

c.

the apar­thotel of­fers an ap­pro­pri­ate range of ser­vices and struc­tur­al and op­er­a­tion­al fa­cil­it­ies and, based on a ex­pert opin­ion of the Swiss As­so­ci­ation for Hotel Cred­it, is ex­pec­ted to be prof­it­able.