Five star hotel, with casino in France.

Cannes, France

  • Asking Price: $457,852,000
  • Gross Income: Not Disclosed
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #214934
  • Established: Not Disclosed
  • Employees:

Business Description

The building has 6 floors. Number 261. 16 conference halls, a commercial gallery with shops of luxury goods. Private beach. The current casino. Cannes is a city and commune in the South-East of France in the Provence — Alpes — côte d'azur region, Department of the Alpes-Maritimes, district of Grasse, cantons of Cannes-1 and Cannes-2. It is one of the most popular and well-known resorts of the Cote D'azur. It is known for its annual film festival. The cost of the object - 405 000 000 euros + Commission, in the amount of 3 % of the cost. The hotel and casino have operators. The contract was extended in 2018 and signed for 6 years. Profitability of the hotel - 7 % per annum (net). Profitability of the casino - 10 % per annum (net). The documents are ready to deal. Additional information is provided upon signature of the L. O. I and provision of the P. O. F by the direct purchaser.

Business Details

Primary Business Category: Real Estate and Rental and Leasing
Location: France
Metropolitan Area: Cannes

Company Information

Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $457,852,000
Seller Financing Available: No

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Business Listed By:

Dmitry Ivanov

Nord Investment