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Hotel Information and Amenities
32 En-suite Duplex Bedrooms
1 Spa & Massage room
Garage & Manager accommodation
Le Chalet Blanc is a modern ski-in/ski-out hotel in the French Alps - in the historic and snow-sure town of Montgenèvre.
The hotel was built by the current owners in 2008 and was managed by them for several years.
There has been a rental contract with a large Scandinavian tour operator since 2015 at €325k/year, which could be continued subject to contract.
There was a fire 2 years ago (2018) and the hotel has since been 95% rebuilt
The hotel also has an ESF office in the building, SPA (steam room, sauna, jacuzzi), Heated Boot Room and Underground Parking, Manager Accommodation and Massage Room.
In addition, there is development potential - an external restaurant/club adjacent to the hotel (on the slopes) which could generate significant additional revenue, or be converted to 2x 2-bed apartments (sale value c. €500k each).
The resort is at 1850m and located in the centre of the Via Lattea (Milky Way) Ski-region on the French/Italian border, within 400km of piste. The town benefits from its high altitude and a long season, including the summer. Transfer: Only 1hr 10mins transfer from Turin Airport.
This Alpine Ski Hotel sleeps 100+ people, across 32 family rooms, with potential for over 50 bedrooms depending on the configuration.
There is now the unique opportunity to 1) operate Hotel Le Chalet Blanc or 2) to lease it to a hotel operator and hold it as an investment. The previous operator lease agreement was €325k pa.
The hotel has been extensively refurbished - the fixtures and fittings can be delivered to the original specification or tailored to your taste.
There is the external restaurant/club (on the slopes), which could be converted to 2x 2-bed apartments (sale value c. €500k each).
Plot size: 2009m2
Estimated GIA of 1,860 m2, and an NIA of 1,490 m2 (excluding external restaurant)
Offer price: € 3,220/m2 against GIA
Anticipated yield range of 5.4% - 8% NIY (forecast)
Price per room: €120,000 - € 187,500
Asking Price €6m