The Fairmont Monte Carlo is a luxury resort located in
Monte Carlo
Monte Carlo (; ; french: Monte-Carlo , or colloquially ''Monte-Carl'' ; lij, Munte Carlu ; ) is officially an administrative area of the Principality of Monaco, specifically the ward of Monte Carlo/Spélugues, where the Monte Carlo Casino is ...
managed by the Canadian-based hotel chain
Fairmont Hotels and Resorts
Fairmont Hotels & Resorts is a global chain of luxury hotels that operates more than 70 properties worldwide, with a strong presence in Canada.
The company originated from two hotel businesses established in the late 19th century, the Canadian Pa ...
. It is built within sight of the
Circuit de Monaco
Circuit de Monaco is a street circuit laid out on the city streets of Monte Carlo and La Condamine around the harbour of the Principality of Monaco. It is commonly, and even officially, referred to as "Monte Carlo" because it is largely inside ...
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.
[Groupe Caroli: Presentation](_blank)
/ref> As it stands today, there is still a section of the original station wall hidden in one of the hotel's offices. 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
Loews Hotels is an American luxury hospitality company that owns or operates 26 hotels in the United States and Canada. Loews' hotels and resorts are located in major North American city centers and resort destinations.
Headquartered in New Yor ...
, 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.
In 2004 the hotel was acquired by Fairmont Hotels and Resorts
Fairmont Hotels & Resorts is a global chain of luxury hotels that operates more than 70 properties worldwide, with a strong presence in Canada.
The company originated from two hotel businesses established in the late 19th century, the Canadian Pa ...
for 215 million euro It was the first purchase by a joint venture of Fairmont, Kingdom Hotels International and Bank of Scotland Corporate. 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
Circuit de Monaco is a street circuit laid out on the city streets of Monte Carlo and La Condamine around the harbour of the Principality of Monaco. It is commonly, and even officially, referred to as "Monte Carlo" because it is largely inside ...
, the racers make use of the tunnel under the hotel 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.
See also
* Monaco
Monaco (; ), officially the Principality of Monaco (french: Principauté de Monaco; Ligurian: ; oc, Principat de Mónegue), is a sovereign city-state and microstate on the French Riviera a few kilometres west of the Italian region of Lig ...
References
External links
*
*
Fairmont Hotels and Resorts
Hotels in Monaco
Hotels established in 1975
Hotel buildings completed in 1975
1975 establishments in Monaco
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