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Fairmont Monte Carlo
The Fairmont Monte Carlo is a luxury resort located in Monte Carlo managed by the Canadian-based hotel chain Fairmont Hotels and Resorts. It is built within sight of the Circuit de Monaco hairpin. HistoryConstruction 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.[1] As it stands today,[when?] there is still a section of the original station wall hidden in one of the hotel's offices.[2] 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, 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.[3] In 2004 the hotel was acquired by Fairmont Hotels and Resorts[4] for 215 million euro[5] It was the first purchase by a joint venture of Fairmont, Kingdom Hotels International and Bank of Scotland Corporate.[6] and renamed Fairmont Monte Carlo. The hotel was renovated in 2005 and again in 2009. During the annual Monaco Grand Prix at the Circuit de Monaco, the drivers make use of the tunnel under the hotel.[7] The hotel overlooks a hairpin bend, called the Fairmont hairpin, the slowest corner on the F1 calendar.[8] See alsoReferences
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