Hotels and Resorts for Sale and Investment Opportunities in Cannes

The project involves converting an existing apartment rental business into a 4-star hotel by adding two additional floors, increasing the property from three to five floors. - Situated in Cannes, a highly sought-after tourist destination, attracting approximately 3 million visitors annually, providing a strong customer base for hotel operations. - The hotel is designed to feature 38-40 rooms, with 8 rooms per floor, each equipped with kitchenettes. - Planned facilities include an indoor and outdoor restaurant, a gym, a kids’ room, an arcade room in the basement, two co-working business lounges, a conference room, a bar, and a laundry room. - The hotel can either be operated with an EBITDA margin of over 10%, or sell at EUR 275,000 to 350,000 per key with 37-40 keys total or full sale at EUR 12 million. - The project forecasts a 70% occupancy rate and an impressive ROI of 34% is projected over a 24-month operational period. - Construction permits are yet to be obtained.

The project involves converting an existing apartment rental business into a 4-star hotel by adding two additional floors, increasing the property from three to five floors. - Situated in Cannes, a highly sought-after tourist destination, attracting approximately 3 million visitors annually, providing a strong customer base for hotel operations. - The hotel is designed to feature 38-40 rooms, with 8 rooms per floor, each equipped with kitchenettes. - Planned facilities include an indoor and outdoor restaurant, a gym, a kids’ room, an arcade room in the basement, two co-working business lounges, a conference room, a bar, and a laundry room. - The hotel can either be operated with an EBITDA margin of over 10%, or sell at EUR 275,000 to 350,000 per key with 37-40 keys total or full sale at EUR 12 million. - The project forecasts a 70% occupancy rate and an impressive ROI of 34% is projected over a 24-month operational period. - Construction permits are yet to be obtained.