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The tourist residence is a classified commercial establishment, comprising a set of apartments ready-to-live. It is managed by a single operator and hosts a tourist clientele for overnight, week or month stays. All CGH residences have obtained 4-star classification measured by the standards set out in the classification decree of 4 June 2010.

  • For the investor, it is a real estate investment, acquired in full ownership, and managed by a professional operator. The owner and the operator are united by a commercial lease. Each apartment may be sold to individuals who will benefit from the advantages of the commercial lease, personal occupation weeks and tax advantages. The complex may also be owned by a group of investors, a landholding company which signs a commercial lease with the operator, ensuring long-term profitability.
  • For the holiday consumer, it is a very flexible rental product and holiday formula.

Commercial Lease

Purchasing an apartment under commercial lease with CGH enables you to benefit from a number of services and advantages while creating a high-quality real estate asset.

CGH provides the rental management and the maintenance of your apartment through its permanent teams and guarantees you stress-free holidays.

Several types of commercial lease are available :

The Pleasure & Capital formula

  • You enjoy holiday weeks in both winter and summer in your apartment, or you can exchange them for weeks in another of the group’s residences, while building a quality property asset with a guaranteed rental.

The Capital formula

  • You build a quality real estate asset.
  • You do not benefit from weeks of occupation, but from a guaranteed rental ensuring you a good profitability of your investment

You receive a guaranteed rental:

  • Whether your apartment is let or not, CGH will pay you an annual income
  • All CGH residences are managed by one company, ensuring you the group’s financial policy.
  • Your rental is indexed throughout the life of your commercial lease.

You recover the VAT:

  • Neither you pay VAT on your purchase, nor you have to anticipate it : you pay for your property exclusive of taxes.
  • The rate may vary. This advantage is subject to the property being operated in this way for 20 years

You will benefit from tax advantages:

  • Tax exemption is applied to income. It varies depending on personal situation and country. Tax advantages may be subject to legislative changes.
  • Find out more click here

The duration of the commercial lease

  • The commercial lease is signed with CGH for an initial period of 11 years. It may be renewed for a maximum period of 9 years.
  • At the end of the initial lease, the CGH Group will offer to continue to manage your property
  • In order to meet the expectations of the tourist clientele, it is necessary to carry out adaptation work in your apartment for which a flat-fee will be requested.


There are several taxation arrangements that will benefit investors in rental property under the tourist residence system. They enable the owners to enjoy their investment fully and to generate additional income from the rental of the property.

Refund of VAT (20%) on the purchase price of a new property.

  • Under hirer out with of furnished not professional (LMNP): costs and depreciation of the value of the property deducted from rental income.
  • Under Professional furnished landlord (LMP) :possible exemption from ISF (wealth tax) and capital gains tax on resale, reduction of income tax, long-term exemption from taxes and social costs.

Owner’s advantages

When you purchase an apartment managed under lease by CGH, you benefit from numerous advantages:

  • An owner service with a team at your service for your holiday bookings and your questions.

Preferential services
(some exemples below) :

  • Your apartment available from 4.00 p.m. on the day of your arrival instead of 5.00 p.m.
  • No waiting on arrival, arrival formalities are simplified for you, no security deposit to pay
  • You can add extra nights to the personal occupation weeks granted by your lease and benefit from a 20% reduction.
  • You can book a stay in all CGH complexes with a 20% discount on the accommodation (cannot be combined with other promotional offers).
  • Our Spas Ô des Cimes offer you a 15% reduction its treatment list.

Winning exchanges:

You can exchange your occupation weeks and use them to discover other CGH complexes. In this way, you can exchange:

During winter season

  • 1 high season week for 3 low season weeks occupied on different dates
  • 1 mid-season week for 1 low season week + 1 mid-season week occupied on different dates
  • 1 mid-season week for 2 low season weeks occupied on different dates.

In the summer season

  • 1 mid-season week for 1 low season week occupied on different dates
Seniority and sustainability with CGH
Quality and excellent location / prime location
Acquisition and property management