The Fairmont Monte Carlo is a

resort hotel A resort hotel is a hotel which often contains full-sized resort facilities with full-service accommodations and luxury amenities. These hotels may attract both business conferences and vacationing tourists and offer more than a convenient plac ...

located in the

Monte Carlo Monte Carlo ( ; ; or colloquially ; , ; ) is an official administrative area of Monaco, specifically the Ward (country subdivision), ward of Monte Carlo/Spélugues, where the Monte Carlo Casino is located. Informally, the name also refers to ...

area of

Monaco Monaco, officially the Principality of Monaco, is a Sovereign state, sovereign city-state and European microstates, microstate on the French Riviera a few kilometres west of the Regions of Italy, Italian region of Liguria, in Western Europe, ...

. It is managed by

Fairmont Hotels and Resorts Fairmont Hotels & Resorts is a global chain of luxury hotel 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 Pac ...

, a subsidiary of the

Accor Accor S.A. is a French multinational hospitality company that owns, manages and franchises hotels, resorts and vacation properties. It is the largest hospitality company in Europe, and the sixth largest hospitality company worldwide. Accor ope ...

hospitality company. The hotel is situated beside the

hairpin turn A hairpin turn (also hairpin bend or hairpin corner) is a bend in a road with a very acute inner angle, making it necessary for an oncoming vehicle to turn about 180° to continue on the road. It is named for its resemblance to a bent metal ha ...

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 ...

History

Construction of the hotel was completed in the early 1970s. The hotel was built on the site of the first Monégasque railway station by the Caroli Group, a real estate development company.Groupe Caroli: Presentation
/ref> 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 structure 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 Yo ...

– as the Loews Monte-Carlo. In 1998, Toufic Aboukhater bought the hotel from Loews Hotels Holding Corporation for an undisclosed amount and renamed it the Monte Carlo Grand Hotel. In 2004, the hotel was acquired by

for 215 million euros and renamed as the Fairmont Monte Carlo. It was the first purchase by a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

between Fairmont, Kingdom Hotels International and Bank of Scotland Corporate. The hotel was renovated in 2005 and again in 2009. During the annual

Monaco Grand Prix The Monaco Grand Prix () is a Formula One motor racing event held annually on the Circuit de Monaco, in late May or early June. Run since 1929, it is widely considered to be one of the most important and prestigious automobile races in the wo ...

at the

, the drivers make use of the tunnel under the hotel. The front entrance of the hotel overlooks a

hairpin A hairpin or hair pin is a long device used to hold a person's hair in place. It may be used simply to secure long hair out of the way for convenience or as part of an elaborate hairstyle or coiffure. The earliest evidence for dressing the ha ...

bend, called the Fairmont hairpin, which is the slowest corner on the

Formula One racing Formula One race weekend refers to an auto racing event which takes place over three days (usually Friday to Sunday), with a series of practice and qualifying sessions prior to the race on Sunday. Current regulations provide for two free practi ...

calendar.

References

External links

* * Fairmont Hotels & Resorts Hotels in Monaco Hotels established in 1975 Hotel buildings completed in 1975 1975 establishments in Monaco {{WikidataCoord

History

See also

References

External links