Unique and rare opportunity of investing into a 3 stars Hotel in Monaco that presents a high potential thanks to its ideal location on the glorious Hercule Harbour, a few steps from the mythic Casino of Monte Carlo. 

The hotel benefits from a prime vantage location directly on the Monaco F1 Grand Prix track, the only race in the world that is held on city streets. Client's hotel delight in the raucous noise of the roaring engines as they speed along the Boulevard Albert 1er up toward the Casino.

The roof top restaurant bar, benefiting from a panoramic view of the harbour, becomes a highly appealing place as soon as the warm weather arrives. 

The hotel Miramar offers an endless array of year-round amusements and amenities for both business and pleasure.

The hotel comes with 2 construction permits approved by Monaco authorities to modify the restaurant on the ground floor into new rooms, for a total of 16 rooms. 

The commercial lease 3-6-9, signed with the Les Domaines du Palais, is 87,000&euro;/year.   
On average a room is booked between 150&euro; and 320&euro; for high season, and 1,500&euro;/night for the Grand Prix.

This way, the turnover is 60,000&euro;/year per room and 100,000&euro;/year for the bar. 

The costs are around 400,000&euro; for the charges and 2,500,000&euro; for the renovation. 