Hotel due diligence, 50 points

Exhaustive pre-acquisition checklist: technical, commercial, legal, tax, ESG, HR. Critical items marked ★. HVS / Cushman & Wakefield Hospitality-inspired. Exportable as PDF for investor/lender file.

Progress

0/50

Non-conformities

★ Critical NC

To handle

Technical (10 points)

★Overall building condition (roof, facade, structure), recent inspection report < 5 years

★Fire compliance (detection, extinguishing, evacuation, staff training)

★Electrical installations up to standard (recent SNCH inspection)

Heating / DHW / air conditioning, equipment age and maintenance costs

★Lifts, latest ITM expertise and service contract

Thermal insulation / current EPC class and CO2

Plumbing / hot water distribution, network condition

Ventilation / indoor air quality (EC standard)

★PRM accessibility (ramp, lift, adapted room), LU obligation

IT / PMS / WiFi / systems, inventory and licence contracts

Commercial (8 points)

★ADR / occupancy / RevPAR history for the last 3 years

★Customer mix (corporate/leisure/group/OTA/direct) and top 10 clients

★Ongoing corporate contracts (renewal? exclusivities?)

OTA distribution (Booking, Expedia, direct), % and average commissions

Online reputation (Booking, Tripadvisor, Google score, last 12 months)

Loyalty / subscription / corporate programme

Direct competition (compset MPI/ARI/RGI)

Seasonality and pickup curve, peaks/troughs identified

Legal (8 points)

★Title deed, servitudes, mortgages, third-party rights

★Valid accommodation licence + compliance with municipal rules

Supplier contracts (linen, F&B, maintenance), terminable?

★Commercial leases (F&B restaurant, shop), expiry and clauses

★Staff employment contracts, transferability (art. L.127-1 LU CT)

★Insurance RC + landlord + business interruption, coverage amounts

★Ongoing or recent litigation (labour, commercial, tax)

Franchise / management / brand contracts, duration, royalties, exclusivity

Tax (6 points)

★Applied VAT regime (3% accommodation 90d, 17% standard, F&B 14%)

Municipal accommodation/overnight tax, declarations up to date

★Corporate income tax, last 3 years' tax filings

★Salary withholding tax, CNS/CNAP compliance

★Tax due diligence on acquisition structure (share deal vs asset deal)

Property and furniture depreciation, optimisation

ESG (8 points)

★Current EPC and EPBD IV pathway (2030/2050 obligations)

★CRREM stranding risk, alignment with hotel sector pathway

5-10 year energy renovation plan + estimated CAPEX

Environmental certification (LENOZ, BREEAM, Green Key)

Water / electricity / waste consumption, sector benchmark

Staff diversity and HR policy / gender / age (SFDR)

Sustainable F&B sourcing (local, organic, short circuits)

Community impact (local employment, events, partnerships)

HR (10 points)

★Total workforce (FTE) and hierarchical pyramid

Absenteeism and turnover over last 3 years

★Applicable collective agreements (HORESCA), salaries vs market

Staff delegation, social relations

★Key staff, identification of critical profiles (GM, chef)

★Mandatory training (HACCP, fire, PRM welcome)

Succession / transmission plan if owner-operator

Language practice (FR/LU/DE/EN), LU clientele adaptation

Holidays / RTT / review

Management contracts if franchise/Accor/Marriott, incentives

Chargement...