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:
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;
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;
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.