05-10-2016, 03:19 PM
The hotel industry clearly has much to offer as Iran welcomes new visitors with the lifting of nuclear sanctions. Hotels represent a particular focal point for business and international gatherings in the region, and it is highly likely that major hotel chains will offer a welcome familiarity to first-time or early visitors to Iran, not to mention relative “safe haven” venues for visitors as in other parts of the region.
With Iran isolated for some 35 years, hotel development looks to be a major potential investment opportunity. With some major caveats, clearly, there are going to be visa and lifestyle-related issues for certain nationals wishing to visit Iran.
Some hotel chains will obviously hesitate before looking to broaden their business further into Iran. There are still numerous non-nuclear sanctions on Iran in place – particularly from the United States, which will continue to have a potential impact on hotel-related investments and transactions in Iran.
The financing of any major hotel developments would need to exclude designated, sanctioned entities. Moreover, Iran remains one of the very few jurisdictions in the world of major concern for the Financial Action Task Force (FATF), the global body overseeing money laundering and terrorist financing activities.
With Iran isolated for some 35 years, hotel development looks to be a major potential investment opportunity. With some major caveats, clearly, there are going to be visa and lifestyle-related issues for certain nationals wishing to visit Iran.
Some hotel chains will obviously hesitate before looking to broaden their business further into Iran. There are still numerous non-nuclear sanctions on Iran in place – particularly from the United States, which will continue to have a potential impact on hotel-related investments and transactions in Iran.
The financing of any major hotel developments would need to exclude designated, sanctioned entities. Moreover, Iran remains one of the very few jurisdictions in the world of major concern for the Financial Action Task Force (FATF), the global body overseeing money laundering and terrorist financing activities.