5-Star Buenos Aires Hotel Was Being Taxed As A Vacant Lot

Hotel 5 estrellas tributaba como terreno baldio

The hotel opened in December 2012 and will double in size later this year. (Source: Motor Web Argentina)

A five-star hotel in one of Argentina’s most exclusive seaside resorts was being taxed as a vacant lot, according to tax collection authorities in the Province of Buenos Aires.

In a press release yesterday from the Collection Agency of Buenos Aires (ARBA), the hotel was identified during the agency’s 2013 summer audit. The three-story hotel on Route 11 features 60 guest rooms, a pool, restaurant, three meeting rooms and a business center.

According to ARBA, the hotel was being taxed as a vacant lot rather than a 46,000-square foot five-star hotel. The agency says the hotel, with an assessed value of US$1.2 million, owes 112,692 pesos in real estate taxes.

In the spirit of fairness, the hotel is brand new, so updating the property’s taxable status could have been an agency oversight. The hotel officially opened in December 2012 and will double in size this year when an additional 60 rooms are made available to the public. (Full Story in Spanish)

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