Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

3 Star Hotel Close To Monaco For Sale

La Turbie, Alpes-Maritimes
Asking Price:
€6,000,000 Furniture / Fixtures included
Sales Revenue:
Over €5M
Cash Flow:
Not applicable

A fantastic opportunity to purchase a well-located hotel in the charming medieval town of La Turbie in the beautiful Alpes-Maritimes, wonderfully close to the Principality of Monaco. Hôtel Napoléon covers 13132 sq ft and boasts 24 private rooms and expansive restaurant space. It has also been granted planning approval to add a further storey, which would allow for 12 extra rooms covering 2518 sq ft. With a full refurbishment, remodelling and re-purposing of the ground floor amenities, a boutique hotel and highly-desirable hospitality venue could be created.

The hotel, which currently has 3 stars, is ripe for redevelopment, although it is currently a healthy going concern. The spacious building offers a great deal of potential to upgrade existing facilities to provide luxury guest accommodation.

The approved expansion permits 1 extra floor to the building, which would provide space for 10 further standard-sized rooms and 2 large suites. The permission would include 7 terraces being built to accompany these rooms. With rooms already in place, the refurbishment could follow the current room layout blueprint to reduce refurbishment costs, updating the current interiors to create a more luxuriant atmosphere and facilities. The ground floor currently hosts the 90-cover restaurant, bar area, and function room but could easily be reconfigured more efficiently to include spa and beauty amenities for both guests and non-guests, thus increasing revenue. The existing interiors could also be updated to create a more polished and sophisticated finish.

Notably popular with Monégasques, La Turbie offers an unrivalled proximity to key areas; 10 minute drive to Monaco and a 20 minute drive to Nice Côte d'Azur International Airport and the Italian border.

La Turbie offers stunning vistas of the nearby Principality of Monaco and is an easy drive to Alpes-Maritimes, meaning the hotel is ideal for hikers and skiers year-round. The town is also perfectly-placed for those visiting glamorous events in Monaco, such as the Monaco Grand Prix and the Monaco Yacht Show.

La Turbie also offers its own charming ambience, with picturesque cobbled streets and beautiful coastal views. A popular day-trip from Monaco, the 2,000-year-old Trophee d'Auguste, a monument built by the Emperor Augustus, is a big draw, in addition to Hostellerie Jérôme, a 2 Michelin-starred restaurant attracting a bustling clientele, especially from neighbouring Monaco.

If interested, please contact the seller through the form on this page.

Property information

Location:

The hotel is located within the centre of La Turbie village, surrounded by local amenities; grocery stores, butchers, pharmacy, bakeries, restaurants, bars, school, doctors, dentist, tourism office.

Notably popular with Monégasques. La Turbie offers an unrivalled proximity to key areas; 10 minute drive to Monaco and a 20 minute drive to Nice Côte d'Azur International Airport and the Italian border.

La Turbie offers stunning vistas of the nearby Principality of Monaco, and is an easy drive to Alpes-Maritimes, meaning the hotel is ideal for hikers and skiers year-round. The town is also perfectly-placed for those visiting glamorous events in Monaco, such as the Monaco Grand Prix and the Monaco Yacht Show.

La Turbie also offers its own charming ambience, with picturesque cobbled streets and beautiful coastal views. A popular day-trip from Monaco, the 2,000-year-old Trophee d'Auguste, a monument built by the Emperor Augustus, is a big draw, in addition to Hostellerie Jérôme, a 2 Michelin-starred restaurant attracting a bustling clientele, especially from neighbouring Monaco.

Size in square feet:
13,132

Business Operation

Expansion Potential:

Planning approval has been granted to add a further 2 floors, permitting 12 additional rooms (10 regular en suite rooms and 2 large suites), totalling 2518 sq ft. There is also scope to reconfigure the ground floor which currently comprises; restaurant, bar, kitchen, function room, storage areas and utilise the space more effectively. There is also the possibility of creating a day spa for guests and local residents, potentially increasing revenue.

Reasons for selling:

Retirement

Trading hours:

24/7

Employees:
10
Years established:
39

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  1. What will I receive?

    BusinessesForSale.com is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

By submitting this form, you confirm that you agree to our Terms and Conditions. Please note that BusinessesForSale.com will send the above details to the seller of this business. Find out more about what we do with your information in our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here