A Guesthouse

Back

PURCHASE OF A GUESTHOUSE

Investment in an existing guesthouse/tourist residence by a non‐citizen may be authorized on a case‐to‐case basis only if the existing establishment is upgraded and the new project proposal meets the policy objectives of the Ministry of Tourism & Leisure and complies with very specific requisites:

  • the existing guesthouse/tourist residence must consist of at least 12 rooms ;
  • the new project proposal must be of a high architectural design depicting the local and tropical cachet ;
  • the minimum level of investment must be Rs 500,000 per room ;
  • the potential investor must have the required expertise and experience in the management and marketing of a tourist residence/guest house or appoint a management company that has the required experience and expertise in the tourism and hospitality industry ;
  • the project proposal must upgrade the existing tourist residence/guest‐house by major refurbishment/renovation with special emphasis laid on quality ;
  • Provision must also be made for the adoption of energy‐saving devices and eco‐ friendly practices such as recycling plants, rain water harvesting, renewable energy supply (solar energy and photovoltaic cells) and other similar facilities.

An international affiliate member of:

  • http://www.leadingre.com/
  • Luxury Portfolio/