Hotel in Cannes, France, 40 000 m²

France. Cannes. 5-star hotel with 261 rooms. Five-star hotel in Cannes This prestigious five-star hotel is ideally located on the picturesque shores of Cannes, one of the most sought-after destinations on the Côte d'Azur. The hotel currently offers 261 rooms, including 209 guest rooms and 52 suites, spread over 40,000 square meters on a leased site of 6,390 square meters. Guests can enjoy an exceptional range of amenities, including several restaurants and bars, a 750 square meter ballroom, 16 fully equipped event rooms, a 2,874 square meter private beach located directly opposite the hotel, a casino, an 825-seat theater/auditorium, a large shopping mall, and underground parking for 480 cars. The building consists of 10 underground levels, a basement, and five floors above ground. In response to strong market demand, a comprehensive renovation and expansion project was developed to further enhance the property's position in Cannes, a city world-renowned for its elegance, glamour, and luxury. The goal was to revitalize and expand the existing complex, simultaneously increasing both retail and hotel space, all within walking distance of the Palais des Festivals. The renovation and expansion project has already created 2,500 square meters of new retail space and potentially approximately 100 additional hotel rooms within a total of 7,800 square meters. This includes 1,500 square meters of lobby and restaurant space, 4,200 square meters of above-ground structures, and 2,100 square meters of event terraces. A key architectural feature is the new façade, designed to the highest geometric and aesthetic standards using glass and Corian. The design creates a dynamic interplay of light, reflections, and perspectives, evoking a sense of luminosity, energy, and refined elegance. The façade is now adorned with a 6.20-meter-tall curved glass, complemented by a row of luxury boutiques at the hotel entrance. The property also generates significant recurring rental income from assets including parking, a theater, a casino, and retail space, providing additional annual income in excess of €5 million, in addition to the hotel revenue. Finally, although the land is currently leased by the city, it can be transferred to freehold ownership through a simple acquisition process by the local authority, opening up potential for further value appreciation. Askful price: €450 million We will sell your apartment or house. We offer a selection of apartments and houses to suit a variety of budgets, including commercial properties.