LOCATION
Located in the city center of Cannes, close to the beach; approximately 34 km from the Nice center, about 26 km from the Nice airport, and 6.4 km from the Cannes-Mandelieu airport.

AREA
The sophisticated City Center is located within the bay of Cannes and includes swanky palm-fringed beaches, the Croisette promenade with the chic Belle Epoque apartments and the iconic Hotel Martinez.
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The Cannes Film Festival takes place in May in the Palais des Festivals, a modernist building overlooking the quays. International designer boutiques and art galleries rub shoulders with the restaurants and open-air cocktail bars around Rue d'Antibes.

​THE HOTEL REDEVELOPMENT PROJECT
The Hotel Redevelopment project includes the demolition of the existing Hotel and the Construction of a New Hotel comprising 7 Floors; 78 rooms, each room with a balcony; and a Roof Terrace across the total area of approximately 4000 m2.

Estimated build costs are 9,200,000 € at 2300€ / 1 m2 subject to developer's finish (exclusive of the purchase price).

Price €18,900,000 HAI
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Please be advised that a Letter of Interest and the Proof of Funding will be required from the potential investor to provide further information.