The Fairmont Monte Carlo is a resort hotel located in the Monte Carlo area of Monaco. It is managed by Fairmont Hotels and Resorts, a subsidiary of the Accor hospitality company. The hotel is situated beside the hairpin turn of the Circuit de Monaco.
History
Construction of the hotel was completed in the early 1970s. The hotel was built on the site of the first Monégasque railway station by the Caroli Group, a real estate development company.[1] 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 structure is partially built into the Mediterranean coast.
The hotel opened in August 1975 – managed by Loews Hotels – as the Loews Monte-Carlo. In 1998, Toufic Aboukhater bought the hotel from Loews Hotels Holding Corporation for an undisclosed amount and renamed it the Monte Carlo Grand Hotel.