Fairmont Monte Carlo
Fairmont Hotel in 2019
General information
Location12, Avenue des Spélugues 98000 Monte Carlo
OpeningAugust 20, 1975 (1975-08-20)
ManagementFairmont Hotels and Resorts
Technical details
Floor count7
Design and construction
Architect(s)Jean Ginsberg, Jean and José Notari, and Herbert Weisskamp
DeveloperCaroli Group
Other information
Number of rooms602
Number of suites30
Number of restaurants3
Website
www.fairmont.com

The Fairmont Monte Carlo is a luxury resort located in Monte Carlo managed by the Canadian-based hotel chain Fairmont Hotels and Resorts. It is built within sight of the Circuit de Monaco hairpin.

History

Construction of the hotel was completed in the early 1970s. The hotel was built on the spot of the first Monegasque railway station, by the real estate development company Caroli Group.[1] As it stands today, there is still a section of the original station wall hidden in one of the hotel's offices.[2] Instead of building the hotel up the rocks, the property is partially built into the Mediterranean coast. The hotel opened in August 1975, managed by Loews Hotels, as Loews Monte-Carlo. In 1998, Toufic Aboukhater bought the hotel from Loews Hotels Holding Corporation for an undisclosed price and renamed it the Monte Carlo Grand Hotel.[3]

In 2004 the hotel was acquired by Fairmont Hotels and Resorts[4] for 215 million euro[5] It was the first purchase by a joint venture of Fairmont, Kingdom Hotels International and Bank of Scotland Corporate.[6] and renamed Fairmont Monte Carlo. The hotel was renovated in 2005 and again in 2009.

During the annual Formula 1 racing event on Circuit de Monaco, the racers make use of the tunnel under the hotel[7] which is considered one of the most dangerous parts of the circuit. One of the corners is still named after the previous hotel name, the Grand Hotel. The hotel overlooks a hair-pin bend that is considered to be one of the most dramatic parts of the Grand Prix circuit.[8]

See also

References

  1. ↑ Groupe Caroli: Presentation
  2. ↑ "Hôtel Fairmont Monte Carlo - History". Retrieved 9 October 2014.
  3. ↑ "Hotel Online Special Report - Loews Monte Carlo Hotel Sold". Retrieved 9 October 2014.
  4. ↑ "Fairmont Joint Venture Acquiring the Monte Carlo Grand Hotel in Monaco; the 619-room Property Will be Flagged the Fairmont Monte Carlo, Receive $50 million Renovation / December 2004".
  5. ↑ "Unwritten law - The message: Agreements between friends should be recorded in writing to ensure they are enforceable". Retrieved 9 October 2014.
  6. ↑ "SEC.gov: Fairmont, Kingdom and Bank of Scotland Launch European-Focused Joint Venture". Retrieved 9 October 2014.
  7. ↑ "The most famous part of Monaco, that gave name to the famous Monte Carlo rally". Retrieved 9 October 2014.
  8. ↑ "The best Monaco hotels for the Grand Prix". The Telegraph. 21 April 2017.

43°44′24.29″N 7°25′47.96″E / 43.7400806°N 7.4299889°E / 43.7400806; 7.4299889

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